Buy a junker and bank all your earnings....then spend a year or two as an acquisitions manager and a dispositions manager for a great busy successful wholesaler....again bank your money.   

Estate taxes, if any, are the liability of the estate after death, prior to disposition of assets or released for payment, being a non-profit you're not concerned with gift taxes.

I will consult an attorney outside of my county but your advice will help me ask better questions & get an idea of what is reasonable as to the disposition of this house.

FCI servicing a loan as designated as a Diamond Note on the exchange is nothing more than identifying the note as being serviced by FCI and has little to nothing to do with any form of loss mitigation or disposition.  

Discounts applied in the purchase of a distressed loan are based on the time and capital it takes to disposition the asset.  

By "Rehab" I meant all the construction and disposition costs, minus financing.  

I used to be more hands on but now i focus on Acquisitions, Project management (I’m PMP cert.) and dispositions.

Purchase price: $2,150,000 Cash invested: $407,000 Sale price: $3,990,000 This 9 Unit Multi-Family is located in the Alamitos Beach Long Beach, CA. 11 beds, 9 baths, approximately 6,383 square feet and was built in 1959.this is a value add bottom-up investment approach Stabilization estimate 6 - 9 months. 6-7% Rental Cash on Cash Return25%+Sale (disposition) Cash on Cash ReturnThe property has 6 parking garages.3-minute drive, 9-minute walk to the beachGrand Prix, Located walking distance to trendy restaurants, shopping, art, coffee

I would be Leary of 4 plex - you have more expenses typically than just investing in single family - you have to take care of the yard, pool, common area because your tenants will not - it's not enough units to have a manger so you will be the manager - on resale, your limited to pretty much investors only as buyers - single family you have more buyer choices on disposition - if you want to do Multifamily I would start with 59 or more units and take on a passive partner - that way you have critical mass which will justify a manager for you - just recommendation - good luck

I have not done one yet myself but my understanding is they lock you in for 5-7 years on average with spelled out expected returns and at the end there is a disposition of the property, trust is dissolved and you'll need to 1031 again to avoid gains tax.