At the time, PPR was selling courses for investing in distressed 2nd mortgages.

No but keep track of those repairs as it will add to your cost basis when you go to sell it and have to pay capital gains.

It seems that most condos are selling at the purchase price from 1-2 years prior.

They want to sell the property for $699,000.

I know enough about a lot of things to be dangerous, but lack detailed expertise and certifications.I will say that I was extremely disappointed with my last realtors lack of construction knowledge so you will have a leg up there for sure, and you should play up that as a selling point

Does anyone have experience buying properties for cheap from land banks, renovating them, and renting them out/selling them?

I was living abroad buying/selling real estate mostly land, and some land with structures.

Should I file suit to make them sell the property?

Here’s why this market is so ripe:1️⃣ Mom-and-Pop Sell-Offs at Huge DiscountsA lot of these properties have been in the same family for decades, but now the kids aren’t interested in taking over the business or the real estate.

I would consider selling one of the properties, paying off the debt, creating a reserve for your remaining investment, and ensuring you are 100% financially stable before you invest again.