Hey Audrey,Love your approach!

I am sure the answer is "it depends" hence the term "creative financing" but was hoping people might offer a few examples to help me think more about how i might approach deals where the seller is motivated and the property as been listed for a long time. 

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

You can do well with a more simple approach, but it won't be easy either way.

Starting slow is a smart approach, and you can consider house hacking or investing in REITs (Real Estate Investment Trusts) to get your feet wet with less capital upfront.

or is there a more proper approach you would recommend?

Is this a good approach, or should we look at a different shade or finish?

However, this approach might add complexity, such as additional tax filings, self-employment taxes, and administrative costs.

However, there are strategies and approaches you can explore to make this process smoother.If your PML is hesitant to fund directly for auction purchases due to the risks, consider structuring a partnership where the PML becomes a joint venture partner.

LIke Remington financial and such. this one is very sophisticated in their approach etc etc.