This was a referral from a friend of mine that had a similar situation happen and used them with great success.

Did the structure they helped set up hold up and protect you in an actual legal situation?

Just keep going out there capitalizing on motivated sellers to help them get out of their situation and get you what you wanted.

Hi Emmanuel, Without knowing the specifics of your situation ( income and debts) the answer is it could and it couldn't. when buying a multi family home the down payment is 25% for a duplex 30% for 3-4 units. obviously if are buying a rental property, potential rental income will be factored in.  

Depending on the situation I sometimes just say I can't do that and come back to them in a few weeks.  

The lease is ending this month, they are going bankrupt, but I heard they want to continue for another month or so while they finish their last few jobs.What rights do we have as landlords of a commercial property in this situation. 

., In your situation you would get to take the first $250K of gain ($500K if married) tax free.  

What would I do in this situation?

If you give money to the prior owner who was already in a financially unstable situation, it may not get paid and you will be in trouble.

Nearly every situation was when the RE market was overly depressed.