Are there any more details on the scenario you can share?

I'd be happy to share how I'm achieving this in more detail.

For on the ground evaluations, I rely on local contacts: agents, contractors, or even property inspectors to provide walkthrough videos and detailed feedback.

It's against the law in some jurisdictions (OR, WA, CA and others) to even approach someone in a distressed situation unless you are an attorney, a realtor, or a registered "Distressed Property Counselor" and you can't benefit by buying or wholesaling the property.Equity Skimming and related penalties of sentencing are detailed in 12 United States Code USC Section 1715Z-19.

I’d love to get more details about Option 2.

@Evan Polaski Evan, first of all, thank you for a very detailed response! 

Have every detail spelled out, use an escrow account and daily updates verifying all parties are executing their responsibilities.

I don't want to get into too many details yet, but to sum up my experience so far. . . 

It should detail any liens or subordinate agreements, including the unpaid balance.

Quality furnishings, attention to detail, and seamless operations helped set the property apart, maximizing its earning potential.