We loved the location and the opportunity to revitalize the area How did you find this deal and how did you negotiate it?

@Jennifer Panian You're on the right path, thinking through how title, leases, and ownership structure affect both real estate professional (REP) status and potential gift or estate planning.

So, he reached his "goal" of owning 100 un its, and is about to go through all his savings, and end up losing the property and all his "non exempt" assets in BK.  

A lot of the pre foreclosures scheduled for auction are listed seller may be motivated Both listing have pitfalls on market listing are tough because agents dont position your offer they just show it to the seller (some dont show it at all but there are ways to ensure they do) Off market properties can have all types of weirdness with them so much that I cant even list it here.Either way make sure you're not paying retail and just know most off your offer will get rejected or receive no response, but thats ok. you only need one yes 

I then use this pdf and save each image as a PNG, and post that PNG directly into the email file so it pops up on opening (no saving attachments and viewing) Have you had any success with this approach?

Happy to share my experience about whats worked and hasn't for me.

I’m always learning and love hearing how other investors approach note deals.Also—if anyone here has general tips or lessons learned in due diligence for note investing, feel free to share!

Im going to start driving around a few neighborhoods and try to spot vacant, run-down, foreclosure/ delinquent residentials to type into the countys tax website.

I’ll be teaming up with two partners (three of us total) and wanted to run the numbers by the community to see if this makes sense. 

I assume we could drop the price, take less of a loss and just sell.Or we could pivot to STR, MTR, LTR and try and wait out the market.Any other ideas from all of you seasoned investors?