Then the bank got bought and the change of address got lost in the shuffle.  

House needs serious updating that they aren't prepared, or able to pay for (maybe another bathroom, some floor plan changes to optimize space). 2.

So if you find an investor for the deal now and six months later something has changed, typically you could walk from the deal if you do not agree to an extension etc.Send me a PM as I may be interested in learning more About the deal as well

What made you change your strategy from buy and hold to flipping?

Once in a while there will be a lawyer involved who wants to make changes in the note.

You're likely to get only a few hundred dollars per month of cash flow from your properties and putting that toward their mortgages will not really pay down the principle that fast, especially considering that you pay more interest than principle at the beginning.You're also buying turnkeys - so you will purchase them at market prices.

Or just don't bother to change the registration and rip up the "contract of sale" once I am done.

You mention the owner has paid $70k on the mortgage but that isn't a number that matters (since who knows what interest rate he's on or if he's made any extra payments), what matters is what the outstanding balance is on the mortgage and can you offer them a purchase price that is A) Fair to the owner, B) Helps them sell with some amount of equity and C) Gives you room that it financially makes sense.The numbers change based on if you want to flip it or rent it, making the question "does it make sense" different based on the direction you choose.In short, I have no idea how much I would offer...

Does changing the management help in this case?

We are in a fast growing area,Williamson County, north of Austin.