Outline a clear exit strategy to meet your long-term goal of retaining the property for cash flow.Work with a CPA to ensure tax efficiency, particularly around depreciation, capital gains, and partnership income.

One who is active still and recently did a case study write up like this is Don Konipol, the other pops on every now and again and did a BP episode many years ago Aaron Mazzrillo so search those two names and read some threads.A more likely scenario is not what you mentioned as the ever growing note/value deal, at least not as outlined.

I think your general ethos aligns with the ideas outlined in ULI's incredible book for developers; I definitely recommend: https://a.co/d/2g0bxnxHave you thought about investing out of state?

He signs a deed in lieu which we will record IF he does not fulfill a separate forbearance agreement outline the payments he needs to make to reinstate the note.  

Structuring the agreement properly, outlining how profits will be split, who covers the rehab costs, and what the timeline looks like can ensure the seller feels confident in the process.

The owner was open to the idea and outlined their terms and conditions.After several weeks of negotiations, we reached an agreement, and the seller signed a binding contract.

I don't have such deep knowledge of Philly as this, but this outline certainly correlates with what I have observed.

I even do write ups on my blog where I share their performance and outline the challenges I faced with each one.Why do I do this?

Because of this, I put up a sign in the hallway that says we are now implementing quiet hours, and I gave each Tenant a piece of paper outlining quiet hours.

You should also notify the tenant when they are either in violation of a reasonable expectation of the properties use or condition whether specifically outlined in the lease or not.