Note, I will not share any addresses as I know how this works.

She also checked the last 6 appraisals she has seen on winterized HUD properties and only one had noted that the power was on (no mention of water on any of them) during the appraisal... 

Your attorney should be able to note all the details surrounding this event, and let you know if you have a good case/stance to sue or not.  

My preference is Single Family, although I currently own some mobile homes, some parks, and some small multi-family as well as notes on land and houses. 

It is my LLC to his LLC , a friend that Ive known for 9 years working many notes with ,not that close a friend.

Of note, I am already doing STR and MTR in other markets and this property is fully furnished and listed in several places for my ideal tenant.

@Bijan SabbaghiYou don’t that’s the challenge - we pull data from several places as a note holder and for example and currently we see less than 20% actually going to foreclosure as most are ending in bankruptcy right now due to borrowers equityThe ones that are under water are typically going back to the bank.Best bet is to find properties where deceased or maybe divorced to get higher chance of actually going to foreclosure

It is that simple.There are two other important things to note: First, you cannot buy properties in your SDIRA that way that you own your 13 units. 

If you lived in it for 1 year and then rented for 4 years you would get 80% 4/5ths of the gain tax free.But note - you do have to recapture all depreciation. 

I would say 80% of my note investors had the same story..