@Patricia Steiner we were actually under contract and using a bridge loan.

Is it just the business with client list and contracts?

@John Humphries - without knowing your contract, I would not let missed payments go to far down the line, I would recommend maybe its time to have your atty review the contract and reach out to them.

Quote from @Eric Bilderback: @Jay Hinrichs @Henry ClarkIn your estimation did the price of these projects/land go up after it was in contract over 18 months, during your hold? 

I've been knocking on doors, there is one that seems like it's abandoned, however despite finding the owners name from tax records I cannot seem to get in contract with them to make an offer (despite trying x, y and z). 

I’d aim for low downpayment land contracts and lease options.After refinancing out of the FHA mortgage, I’d evaluate if I wanted to repeat the 2-4 unit FHA 203(k) process again or if I had the 20% down to target 5+ units.Good luck with whatever you decide to do!

Suggesting to them buying their house for a wholesale range offer or lower dependent on the extent of the rehab, then having a contract in place that gives them a percentage of the profit to help get them back on their feet, paying off debts etc.

I always tell clients to take care of the hard job first - If this is a sellers market then find your property and even get it under contract before you sell your old property.  

Since I am a Real Estate Broker I was able to negotiate the contract and purchase it less than asking price.

Keep systems in place for managing documents and contracts.6.