Value add, so BRRRR type of model. 

In the meantime I would love to have some helpful information or ideas to share with the buyers when we meet and ideally an agreement/contract we could fill out together once new terms are agreed to and then share that with the attorney so he could draft up the formal instrument for recording.If you have experience with this type of scenario, I’d love to hear any recommendations you have or any helpful resources you could point me to for the appropriate paperwork.Under foreclosure laws, you have to send appropriate notices and try to work with the borrower and offer a loan mod before foreclosure anyway. 

Communication is EVERYTHING not just in multifamily but for any type of deals.

Roughly $600 per month in positive cash flow.What made you interested in investing in this type of deal?

What type of properties are you interested in, SF, 2-4 MF, or 5+ MF?

What type of properties are you looking to add to your portfolio?

I would recommend talking to many lenders/brokers to see which one has the most experience funding these loan types. 

Type Line Item Fee Fixed Fee Collected Rents 10% of All Collected Rents New Tenant Search & Onboarding $600 Variable Fees Business Hour Service Calls $90/hour + Materials Cost + Tax After Hour Service Calls $120/hour + Materials Cost + Tax 3rd Party Coordination HVAC Cleaning & InspectionGutter CleaningSpring/Fall Exterior CleanupSeasonal Mowing & Weed TrimmingSeasonal Snow PlowingGeneral Contractor Negotiated Vendor Cost + 10% Oversight Fee  

Purchase price: $355,500 Cash invested: $75,000 Rental Property near community college What made you interested in investing in this type of deal?

Quote from @Unal Baris Kancoglu: Quote from @Corby Goade: Depends on the area and type of system you want.