I vote stay in the PM role that you love and find another part time job or side hustle to add to your down payment fund.Can you get your own pest spray and tools and hang your shingle as an independent mosquito sprayer on off days, nights and weekends?

Or better yet,  gain experience, learning the ropes, by participating in a real deal.I don't come empty handed as I can offer my contracting/estimating/realtor experience, $ capital, and/or fulfill whatever roles are needed.I'm in the Northern Virginia area but willing to participate anywhere in the mid atlantic or south east.Hope to hear from you!

My leasing agent pulls the credit report and then can share it with me, the Property Manager, because we are essentially fulfilling the same role.

@Pundari Pothini, I know that you said passive opportunities do not suit your style (I'm assuming you mean syndications), but have you explored the option of joining a syndicator with a more active role?

@Elijah FastYour lender and possible your insurer will require a Phase 1 assessment .... this is predominately a visual inspection and paper exercise (costing anywhere from $750 - $2500) with the objective of discovering any potential contamination of the property (or demonstrating that there is none).An abandoned underground storage tank (UST) is something which should be disclosed by the vendor (it appears that it has been in this instance), but it is an example of the sorts of things a Phase 1 ESA looks to discover.Depending on the results of the Phase 1, you may very well be requested to continue with a Phase II ESA.Having a Phase 1 lets you know what you are walking into ... which is why lenders want them.  

Should pay you up front and at time of exercise if done properly.Both of these strategies are extremely uncommon in most markets these days so you should have plenty of time to research LOAs while you hunt for one. 

My parents also have a $200K court judgment for a judicial sale on the property against this lien, but they have not exercised that judgment. 

I'll reiterate that at this stage I'm not yet ready to jump on any one property, this is purely an educational exercise for me.

Bigger Pockets help  Sounds like you are doing a Wrap with a balloon, not a Subject To and in addition to that, sounds like the bank can exercise the Due on Sale clause.

I am simply a deal maker who understands precisely his role, real estate matchmaker.