I agree with @Jonathan Greene.

Agreed with Peter here. 

Recommend RARELY to agree to that!

I am in this camp myself, as I do this full time.I agree with your point about focusing on long-term sustainability rather than chasing maximum rental income at the cost of increased tenant turnover or property damage.

I would agree, I'd want to try and grow my experience and clientele before starting the franchise if I could.

I have had sellers agreed to owner financing as well as sellers to take steep discounts, as well as sign a purchase and sales agreement with me on the spot. 

Scope of WorkThe Subcontractor agrees to perform the following work (“Scope of Work”):Detailed description of tasks and responsibilities.Exclusions: [List any exclusions here].Materials to be provided by: [Contractor/Subcontractor].Reference drawings or plans: [Attach if applicable].2.

Agree with all above,Gap funding is a great strategy for those that work efficiently and have a team that they trust.

@Christopher Corso  Christopher, I completely agree that there are a lot of meetups that are really thinly veiled sales pitches. 

@Shawn Questa I agree with you that there could be some opportunity here, but personally, with that little equity in the property, I'd wait for the pre-foreclosure process to start and  perhaps you can do a short sale (though I don't know the details on how that's handled in TX).