I wish you the best of luck and I'm sorry for the circumstances, but you're in an amazing position most people only ever dream of! 

This set of circumstances is very understandable. 

They can advise you on your options based on your specific circumstances, including how to proceed if you believe he may be trying to delay repayment or if he is indeed facing bankruptcy.Assess the Situation: If he is experiencing cash flow issues, he may be trying to find a way to resolve them.

That is an entirely different thing.A distressed property is a circumstance.Motivation is an emotional response to a circumstance.Tall grass, tons of mailers on the floor—these are circumstances.

You all need to go after motivated sellers, not just off-market sellers.FSBO are all about offmarket, but most of the time FSBO want market value.So to answer your question, and to be more helpful and of value than you think...here is what you need to do.Distinguish off market sellers, from motivated off market sellers, because this distinction in your marketing efforts will make ALL the difference when it comes to  results.Then reverse engineer your strategy based on the behavior and distinction of those motivated off market sellers.So if you understand what I am saying here... your question about "templates" is wrong.It is not about where do you find templates for off-market deals... your question should be, where do you find  motivated seller off market deals... because when you know where they are.. you don't need no stinking templates.You just need to explain how the process works and the result...well:If I had a mic, I would drop it right about now.Good luck my handsome feller!

Are you really going to stay this motivated under those circumstances.

Something more personally catered to your specific goals and circumstances?

But circumstances will change.

Depends on the person and circumstances, I suppose.

So, you'd want to go into it knowing you were going to: go all out to beat your competition, have a distinctive property, stand out online, and have your return compensate you for the headache of running a little hospitality business.Does that help?