Distressed properties are real estate assets that are usually sold at a discount due to financial or physical distress.

I’ve never sold a note so going to ask some information from the experts.

I sold the property at a lost 2 years later.

,I have sold and been managing properties that are near the MIA and haven't had any complaints from residents who are living in them.

@Kevin Hintz It's property dependent, obviously, but last year, I sold one a street back from the beach that they're cash flowing.

Additionally, be sure to keep copies for your records.

**For context I house hacked for about a year after she passed away but couldn't live in that house anymore and sold it.

No 4 unit multifamily has sold in the last 2 years.

Quote from @Tio Sam: Quote from @Zachary Deal: I agree, I would drive some properties that have sold as flip.

They’re requesting what feels like an unreasonable amount of information, and the demands keep escalating.So far, they’ve asked for:A video tour of my home officeCredit checks on me and my partnerCopies of the deeds for every property we ownA copy of my partner’s home lease and utility billsBusiness phone billsA signed letter from the bank verifying our accountsBank statementsHonestly, it feels more like qualifying for a loan than trying to become a customer.