The prices of sfr have risen so quickly that the have brought the condos with them.

This provides me with on the ground landlording experience.. check-I move next to purchasing small multifamily and even brought in an investor who currently gets a 1K check every month..

Filipe - I'm glad you brought up that question, I often read/hear about that very question and always ask, "am I buying it at the original price I purchased it back in 2010, or am I buying it on the amount of loan that is left to pay it down?"

You apparently didn't find out about any of these opportunities until an agent brought them to your attention.

I checked it out purely out of curiosity: It ended up being a $20k "educational" network of "investors," where, if you bring in the next victim - ahem, "trainee" - who signs up, you get some money back (I think $5k for each) from the $20k you put up.Out of further curiosity, I asked what would happen if I brought another "trainee" in without first paying my $20k; would I get the $5k?

Technically off market however a broker brought it to us because of our track record with HUD debt assumption acquisitions.  

Units are rough and need rehabbing.Offered 200,000, and we are in contract.Biggest inspection issues were mold and foundation, which was affecting the roof, and a hoarder tenant Brought out a structural engineer; foundation and drainage issues $6,500-8,000.

So in June another contractor was brought in, but I was still communicating with the first contractor.

If he brought witnesses, do they have to be neutral parties or people who he hired?

These tenants will end up being multi-generational and have no intention of ever moving out.I hired a lawyer and very delicately brought up the subject of a buyout.