The trustee, borrower or bank can ensure you get your hand slapped hard for approaching the circumstance as a work-out or foreclosure fix it guy without a license or being an attorney.Let's say that we can approach the owner and be in compliance, which you can.You will not purchase a note as an individual investor from a bank that has started foreclosure by making an offer like that.You get a request from the borrower for the bank to sell the note in lieu of payoff as demanded.

Let's say you accidentally use bleach on your nice white sheets and all the body oils get bonded to the fabric and are yellowing.

I'd work out some kind of deal and finish it off.

Then I(we) control everything.I know there are details to work out, and I am still in the thinking/planning phase, while I continue to save money, but is this a conceivable plan?

If there issues that need to be worked out with the 6-unit property, I would utilize that as a negotiating tool to work out a seller financing strategy with the current owner. 

I go in with an intention and optimism but once you're in it things work out the way they do and getting your calculator out isn't going to change that.

Plus I'm in a very HCOL so the math for short term rentals would not work out.  

You're looking for finishes that hold up to wet glasses and don't chip, upholstery fabrics that don't stain, and furniture that doesn't sag or break.

I schedule my work out so that way its manageable on my part and 95% of complaints are not urgent.

Justen - curious if you have closed any deals since building your door-to-door team and if so, how did your pay structure work out?