Principal changing his name (sometimes just slightly) to walk away from previous recordIMO a light search, like Google, is a good FIRST STEP in vetting a deal.  

I wanted to jump on and share the awesome perks that BP and Invelo are offering for BP Pro Members and answer your skip tracing questions. 

We walked it.

Depending on what the potential jobs offer in terms of income, does this seem like a realistic strategy?

The seller is offering seller financing at 2% interest with a 9-year balloon.

Right now, the best offers around me are for some 1.3-4 million, that only generated around 100k per year gross, so there would be a high chance of not cash flowing, and paying money, especially with a commercial loan (these buildings have more than 4 units).I was thinking that although the rental itself does not generate money, I would be able to deduct the mortgage interest, and depreciation from my personal w2 income and would be net positive.

I have recently worked with a company that has an excellent offer.

I assumed this would be the case because the rest of what California has to offer kind of sucks.

Before we sold it we hired a management company to reduce the burden, but even then we decided to sell and walk away. 

This person did not raise any money, they invested around $600,000 into the offering and because they were one of the larger investors were considered a Co-GP because it was a new sponsor and they needed this persons $.