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

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.

A good designer and architect are key for a successful project like this and keep in mind these aren't cheap.There's a lot more details to consider, feel free to DM me for more details.

.: @Jaycee Greene flip and fix, under 150kSomething like this: https://www.realtor.com/realestateandhomes-detail/1542-Haine...?

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

Quote from @Olga Daisel: @Randall AlanI agree with Randall on getting more details, $7K gross a unit btw is a great gross income.

Without going into too many details about the property, I'm interested in connecting with people who deal with off market listings and investors in this geographic area. 

Imagine one partner relaying outdated or inaccurate details to a vendor or buyer.

These are the few details I needed to connect in my brain to understand the strategy better.

Hi Dominic, thanks for the detailed response.