If so, given everything you have described - another option might be to cash out of it and take the money and run.  

We have been fairly aggressive with price negotiations and seller concessions to contribute towards costs and improve Cash on Cash returns. 

There is the those that have to sell and yes they are probably selling it distressed or a forced sale- but as you mention if you look at this listhttps://www.nmhc.org/research-insight/the-nmhc-50/top-50-lists/2023-top-owners-list/These companies may have some strategic liquidations but they can ride this thing out.It’s the syndicators who promised people cash and took at short term debt because they played the lottery thinking they could flip a multifamily building thinking prices always go up and cannot now handle the debt burden.

And perhaps in that case, I am thinking to offer them cash for keys to vacate the property (After the property is vacated and condition of the property is verified) rather than hoping that this will get any better. 

What are you going to do if you promise them a cash deal and can't find a buyer?

Purchase price: $250,000 Cash invested: $40,000 Took a three bedroom ranch home and converted into two separate apartments with two tenants.

If you have any questions, feel free to DM me!

I need to buy a property and leave closing with cash in my pocket.

If they make one call to city and they are low to moderate income they willbe provided with a free lawyer more than likely and you are going to be slapped with not providing a nonhostile living environment.

I am a Loan Officer so if you would like to explore options, or if you just want to discuss, feel free to reach out to me directly!