I’ve never sold a note so going to ask some information from the experts.

Quote from @Tio Sam: Quote from @Zachary Deal: I agree, I would drive some properties that have sold as flip.

Distressed properties are real estate assets that are usually sold at a discount due to financial or physical distress.

Since your condo is being sold to an unrelated party, that part of the exchange is fine.

When I tried to get it when my side of the family found out and tried tp take over reverse mortgage payments to bank because she had died it was to late so they sold the house to Hud and then other reverse mortgage companies but a relative still lives there so they can't kick them out.

I have personally owned over 200 cash flow rentals and sold them as it simply was not worth it..

I find that the best deals on the market are usually newly listed (less than a week on the market) and usually the deals that haven't sold have significant issues with them.What are the reasons that you think homes sit on the market for a long time and how do you navigate the issues to make a deal that works for you? 

Then I find out a week ago they sold the property at a loss, ALL my capital is gone, and Ken McElroy goes on his merry way making youtube videos about how much money he is making. 

I just got my first flip in the middle of January and am still rehabbing Do I need to file a quarterly tax if I haven't sold yet?

During 2021 I sold 2 properties which brought me 250k in capitol gains, due to the climate of prices then.