There are only about 100 to maybe 150 of these properties produced per year. 

I’m sure they exist somewhere, but the vast majority of small businesses just don’t generate the income nor the margins to hire the quality of people nor the specialized skills needed to produce without the involvement of the owner willing to wear many different hats, pick up the slack where needed, and work the hours necessary to make the business a success. 

Most agents don't produce sadly.

If I die of natural causes...even spouse can't use it. 

I also really like that this is a U-shaped window unit which wraps over the window sill, meaning that you get to keep nearly all of your window's view and natural light, as well as it being theoretically harder for someone to break into the apartment by kicking in/pulling out the AC unit (ours is on the second floor, but the safety concerns for first floor units is definitely a consideration you'll want to factor in).Heating.  

Non-performing notes are very much like flipping, it is certainly more passive in nature but requires more work than buying performing notes.

We have contacted a professional attorney who understands the nature of this situation.

But the nice thing about a commercial property is that you do have control over the value of the property. buy-out costs have to be baked into a business plan along with a clear understanding of what the property can produce over a given timeline. $2.2M for 12 units could be a really good deal in a good location with the right plan or it could be money pit and the end of an investor if it is in the wrong place or a bad building.

if so, this had high risk written all over it for all parties, as in todays market it is very rare to find properties that will produce positive cash flow with 100% leverage.  

Despite the project’s unique nature and impressive traction, securing traditional financing has proven challenging.