@Christian HubbsFirstly, understand that there's ALWAYS good deals out there. 

However they might be disgruntled if you’re calling and offering them way lower than their asking which is understandable.

We like to keep our properties in good shape and we make sure the tenants understand that.  

@Alec McGinn your best bet would be do a joint partner if you really have a deal that make sense and you present it someone with your business plan and offering memorandum some one who understands realestate should definitely partner with you .

I understand your agony and looking to support you.

Based on questions and comments here on BP clearly people are not considering all the costs and taking risks they don't understand. 

Yes, you should be due all of the interest that you're owed but given your position, I'd be as helpful and understanding to your friend as possible.

The main home was built in the 60's, so I understand that maybe it's not going to command the same price per square foot as a new(er) build, but in your opinion, is there any reason to consider refinancing and hoping to get a higher appraisal?

Sorry for explaining it again I just want to make sure that everybody understand what I'm asking and I do appreciate the input and if I find out I will post it here

In the videos I have watched they just chose a random percentage without explaining it in a way I understand.