Awesome conversation! 

And before countering had a conversation to try to find out what's really behind the offers. 

However, alternatives like a Self-Directed IRA (SDIRA), a 60-Day Rollover, or a Roth IRA Conversion can help you avoid penalties.A SDIRA allows you to invest directly in real estate while maintaining the tax advantages of your IRA.

Exactly the reason to have an Architect on your team to join in on these conversations ESPECIALLY in existing renovations in older homes.

How would you recommend initiating a conversation with such organizations?

But there's so much here that its best to have a conversation. 

Thank you for the reply @Dave Meyer, it's not everyday that I get to converse with BP Royalty. 

Keep in mind, you should have already had a conversation with the hard money Lender to know their terms and process, and be ready to perform. 

When we start asking questions, and having friendly conversations they get it figured out.But hey...google knows everything. 

Let the agent know that while you’re interested, the property’s condition and local comps don’t justify the asking price.Taking a warm, conversational approach can make negotiations smoother and improve your chances of getting the deal.