If I wete in your shoes, I would set up a meeting with the tenants.

The owner got 4 months free rent to renovate but no TIC.We are still looking into the original lease, but we definitely don't want take over the existing lease and be in the same shoe when we have to sell it the future!

Man, to be in your shoes.

Has anyone been in my shoes who could share their past experiences and how they became successful?

Depending on the cash injected in the note purchase you might be in the seller's shoes entitled to the property or a lender's shoes, required to sell the collateral.

If you are clear on what your parameters, what you want in property, where in the specific locale you want to purchase and identify an agent who can step into your shoes, identify property management for the tenancy, I don't see why you cannot do this.  

If you can make it cash flow, give them 12% for 5 years, just don't pay too much or they will end up owning it again.I don't think there is an app for what you're asking, you may need to use some shoe leather as horrible as that may sound, it works.You can sure look for distressed properties and sales.....but another issue, if you don't have the money to buy, do you have the ability to repair, improve a complex, change it's reputation in the area, draw new tenants and make some trash pile profitable?

And yes you can put fake names like Al Bundy, Moe Howard in the LLC or CORP to hide your real ownership but when the truth comes out I would not want to be in your shoes don't take my word for it ask a good lawyer.Joe Gore

A profile check often yields little additional information or indicated the individual is a realtor, guru, or broker ... at which point I conclude the colleague request is simple another form of spam and decline it.So, in your shoes, I would just let it ride and see what happens.

I completely agree that you must put yourself in the seller's shoes as best you can to match the right solution to what they want.Here is one extremely vital exercise I do now.1) Reverse engineer past profitable transactions.2) Deconstruct, examine & identify the key elements.3) Then rebuild the machine piece by piece to attempt to improve & replicate.It's a never ending process.