LOL.so they are buying them back and making profit again.if you get them stablized then list them on BP marketplace or with agents.. probably your best bet.No magic answer.. as it takes the right buyer to buy in those areas. regardless of condition of property.

You renovate to increase rent or attract tenants depending on how bad the condition.

Sell in current condition to flippers? 

Hello Xiomara,You can add to the offer a condition that states something like "conditional that my partner(s) agree on the deal and visit the property".There is plenty of ways you can exit (financing, visits, inspection, costs estimates, etc) but at the end it's all about how you want to do business.If your intentions are to get out of a deal 4/5 times....Well you might have to find buyers before deals and show them this deal as the kind of deals you bring in general and agree with them that you will reach them when deals like that occur.Talk to you soon.

Even given the current condition, the property sounds like it can be a great opportunity once the monetary details with seller are settled(in your favor).

     - I think the property value is about $100k in its current condition, and the property is being short sailed- Rent can be around $1200 to $1300 after repairs- I'm not sure about repair costs yet, but will have a better idea soon (I've done my analysis assuming $20-$30k)Does this situation even make sense for me to go in and buy the note if it is possible?

Unless you see your sub-market with a lot of inventory about to hit the market or some other idiosyncratic condition looming, I wouldn't be worried.

After looking at the budget and how good of condition the house is in 2% sounds much more reasonable. 

Air conditioning (Since you are in Cali, I think you guys need air conditioning more than heat, if I am wrong then switch it around)4.

The credit score is not as important, as commercial loans evaluate the property to see if it can maintain loan payment on its own and be profitable under normal conditions.