Most aren't a ton on a 6 unit.

B) you aren't going to be able to track the former owner down any better/faster than the foreclosing entity is, and they would be doing the same thing for the borrower, for free. 

They seem to be selling the homes that they aren’t able to rent or that are too far gone and need demolition.

@Taylor Roeling yeah we aren't planning on having a lawyer run the eviction, we were only planning on paying a consultation fee to make sure we were doing it right :) Hopefully it goes smooth!

Good news is that you aren't alone.

Why aren’t these being moved in order to make this forum better for discussing actual commercial deals?

Most owners aren't going to let you tour the property, talk to the tenants or look at the financial data until you've got a deal started.

The expectation is to loan $300,00 (their full development costs) and then they will buy me out in 2 years (either from the profits or a commercial loan - they aren't looking to sell the project after completion).I am considering loaning the money and asking for 8% annual return (paid monthly) even through the build-out phase for a total of 2 years. 

Not saying buy turnkey, per se...the returns usually aren't great on those. 

I don’t include car etc because in my view those aren’t assets.