If not, then you may consider passing on the deal and continue the hunt for another property that does satisfy your strategic objectives.

Said home owner can walk and the lenders only recourse is the asset this is what led to the strategic default scenarios in AZ NV and CA  The fact that this is LAND then I would say the bank can sue for a deficiency and get one from the buyer. 

With the limited information we have, it sounds like you have a track record of business profitability, assets that can support further indebtedness, and an openness to structuring your profile in an appropriate strategic manner.  

Any deals you find that don't fit your BRRRR initial strategic focus you partner with someone experienced on. 

I'm a multifamily syndicator and a full time aircraft technician and I make it work and still have plenty of time to spend with my family.

However, I still face the strategic dilemma of which buyer do I pass this info to, and how do I ensure that I get paid?

Mine is in India, works on projects as I need her, and is indispensable.She handles emails, Quickbooks accounting, and even researches strategic plane tix for me at my whim.The best in outsourcing biz is Tim Ferriss' recommendation of BrickworkIndia.comHope this helps,Tevis

Whether buy and hold or fix & flip you'll be competing against cash buyers.The strategic difference after a renovation is finding tenants then refinancing.  

I'd like to start wholesaling to get acquainted with the market, but if I can find some really good strategic partners and properties with nice spread, I would be happy to rehab.

We strategically do it when they will more than likely be home (weekend or early evening).