(I fear that right now there's too many platforms chasing both sides of the market -- investors and borrowers -- and until there's some consolidation, I'll personally stay away from individual deals.)

If you want to participate in passive income streams thru larger MF, you can also get involved in partnering w/experience players that are 100% focused on acquiring, re-positioning and eventually selling larger apartment communities.  

Indeed I am chasing those "bigger pockets"!

The only surprise is that some of the players are being shaken much earlier than expected.

Now, I would not chase A properties, but B/C still to me makes sense.  

It does sound a bit like you are chasing this  deal rather than following your own strategy. 

Around here, that's a good deal, however, not good enough for me to chase except that with this particular deal the seller is helping with financing.I'm not looking forward to managing it, but I need the cash flow right now and it will bring me that.  

The very few properties that hit the MLS are the duds that have been thoroughly combed through by the serious players.

Most people ignore the court orders for payment of these funds and unless you want to spend money chasing money, let it go and get on with either renting or selling it.

Having the IRS chase them for taxes may show a lack of proper money management, etc.