I run into a bunch of individuals who say they have deals, but it never seems to work out.

An interesting little weekend read for all you sticks and bricks folk out there...https://www.atlasobscura.com/places/thomas-edisons...Edison was ahead of his time in many ways with fireproof, insect-proof, and easy to clean affordable housing but clearly it didn't work out.

We generally buy borrower occupied NPLs and attempt a workout with the borrower.

You may find out that it won't work out to be a 50-50 deal as far as work load, one may be doing more work than the other so you may want to distribute the profits differently. 

I would have been better off sub ing work out and getting it done in 6-8 weeks instead of 16 weeks.I had to put 20% down, but moving forward I would like to put less in the deal, and I will utilize a lender that finances the rehab costs as well.

Wish I knew this information ahead of time I was shopping for a Vehicle to see what kind of payment they could work out for me and some places ran my credit and didn't even ask me i didn't know they ran it till they said "I just pulled your credit" my credit dropped 100+ points in a 5 day period wrecking my credit looking for the right vehicle and payment plan. 

My parents have dabbed a little in Real Estate and saying theres a chance it may not work out for me which I am aware of.

Not that things always work out the way they should, but just saying that I am optimistic that this in conjunction with the mayor's seemingly persistent efforts at drawing attention to the matter brings about better conditions for improvement than ever before.All of that said, assuming you are comfortable with the potential implications of occasional pollution issues (as I am), Imperial Beach has tremendous room for growth.  

Now, if the purchase price is above the current mortgage amount, then you and the seller workout what is acceptable terms for making for paying back the additional monies.  

People often buy 2nd positions just to find the 1st mortgage foreclosing on them shortly after or stuck with a worthless property they can't figure out a workout option on.