I've been at this game for decades, and it's usually the same story, just different actors.

@Vic ReddyThey can try and negotiate but if they have substantial assets the lender is aware of it and will go after themI get the sense there is more to this story - for example in some jurisdictions they require older buildings to be updated by a specific date which is usually years in advance.

As you will deal with every horrible thing in life.... tenants disputes, sleazy contractors, the city who hates your grass, everyone has a sob story and can't pay rent, be emotional ready for evictions and threats, and know your lease and local laws.

Such energy and sharing with one another.They will move touch and inspire you.You will want to know these people.

No question it is the best source in getting motivated seller leads.People that are in trouble can tell their stories to a capture function and out of town dont wanters can unload.Just type in Sell _____ (whatever city you live in) home fast into Google, then contact all the ads to the right and see if they have someone in your area.

Im working to get my first one done, Keep going you Inspiration

That is a long story but the summary was keeping engaged with the tenant kept a bad situation from becoming worse,   and eventually convinced them to move out.I don't disagree with standing your ground and holding the tenant responsible for paying for damage they caused,   but good luck getting a lump sum payment from any tenant,  especially a section 8 one.   

You can usually spot them by the old " My company is paying with a check story".

Lastly, I'd ask a couple of realtors in your area...often times they hear of "war stories" and assist sellers with minor renovations before they try to list their home.  

I won't detail mine here because that's a short book itself, long story short I use a scheduling system, video system and CRM with auto features to nurture and direct prospects.