Great location right under Como Lake, a minorly distressed asset I was able to put sweat equity into to bump up the rents. 

Given that he's got a long history in business but is struggling to cover $30k in Op-ex and marketing spend, my guess is that this is either not very well managed or is in distress.

So as a licensed Broker, and Expeditor with experience in dealing with investments/investors, distressed homes, and multifamily violations here in NYC I can tell you that your plan is pretty sound but the fine details of how it is executed (types of locks you use, how it is divided etc) matter here in NYC.

I would like to find a distressed apartment complex to invest and rehab.

Some lenders to sell their notes but many do not unless it is a distressed situation.

House hacking involves buying multi-unit properties, value-add properties can be improved, short-term rentals generate higher income, lowering purchase prices through distressed properties, and creative financing options.Good luck!

We are the ones coming in and returning dilapidated & distressed houses, some that have been vacant and sources of problems with drugs and squatters for many years, back into functioning homes to communities that desperately needs affordable housing... where we are actually resented by the cities, placing one barrier after the next in front of you... 

All the book examples out there seem to only point to making cash offers on deals found this way.I realize that if it's too distressed, a bank won't lend on it and other financing will be necessary (hard money, partnership, private lenders, etc).

Hi all,There is a distressed property I have had my eye on for several years that is in extremely close proximity to a property from my childhood, and an area I would like to own in.  

That is extremley below market here in Columbus unless they're studio apts or very distressed properties.