First thoughts are finding a way for the tenants to use it for a fee, either rent the space monthly or create a space that can be rented on a per-use basis....or possibly rent to another non-tenant individual for office use of some kind. 

I owner occupy the home, renting a room to a friend at $650/mo, and the lower unit rents for $1850/mo - total rental income of $2500/mo.

Since they can't do each property individually, they use comparable sales to make broad generalizations to determine percent changes.

The trustee, borrower or bank can ensure you get your hand slapped hard for approaching the circumstance as a work-out or foreclosure fix it guy without a license or being an attorney.Let's say that we can approach the owner and be in compliance, which you can.You will not purchase a note as an individual investor from a bank that has started foreclosure by making an offer like that.You get a request from the borrower for the bank to sell the note in lieu of payoff as demanded.

Quote from @Rud Sev: Hello,I am new to the world of syndication (LP investor) and want to understand how taxes at a high level for syndication as LP before asking individual specific questions to my CPA.Notably, I want to understand how preferred returns/cash flows are taxed, if at all, until the amount invested has been returned.

I'm weighing the benefits of paying a premium for turn key vs. working with an investor friendly agent.

I’m obvi biased, but Denver is a very friendly sunny city with world class skiing, mountain biking, hiking, etc.

Most of the material used comes from non U.S. friendly countries. 

Dennis, I wish I was able to have grown up close with friends like yourself or even had that nowadays...WOW!

STR....I can only imagine the groups of individuals who will rent this house on a short term basis.