They may need to access cash or move to a more suitable living situation.Tax Liens or Legal IssuesOwners facing tax liens, legal disputes, or other complications may want to sell their property fast to resolve these issues without further financial or legal consequences.Burnt-Out InvestorsReal estate investors who are tired of managing properties, dealing with tenants, or facing constant repairs may decide to liquidate their holdings quickly to invest in other opportunities or simplify their lives.Understanding these motivations can help you tailor your approach and offer solutions that address their specific needs, making it more likely you'll secure a deal. 

Definitely go with quality properties vs. quantity.If you buy the low income properties, you will attract low income people at tenants. 

Obviously I want it to be fully legal and licensed.  

Please seek legal advice.

No LLC Needed: This keeps things simpler and avoids the state income tax associated with forming an LLC in Tennessee.Steps to Set Up Tenancy in Common:Purchase the Property: When you buy the property, instruct the closing agent or attorney to list both of you on the deed as tenants in common.Draft an Agreement: While it’s not legally required, it’s smart to have a written agreement detailing each partner’s responsibilities, the split of profits, and how decisions will be made.

Ya i definitely need to check those out too. 

Needs a few repairs, but definitely inhabitable) with a small 6 unit in the back. 

But I definitely would network first.

If you haven't checked yours, you definitely should.  

Development is definitely its own animal, so make sure you have a solid grasp on the financial side of the process.