hello all my friend is going through divorce/separation long story short , he left the house  to start a new family ,the ex wife  does not longer wants to live in the house and she left too , now the house is empty and there was a big water leak he fixed the  water leak but not the damage last time i talked to him he was paying $800.00 mortgage on an empty house and paying rent in the new place the new wife which also does not want to do anything with the househe owns about $80 k to the bank he has $40 k on equity which he wants pull  but also there is a lean of $20 k on the housecomps are about $140 k -$160k  around here, how can i approach  him to get the best deal for him and for me in case he decide to get rid of the property3 bed 1bath small yard doblewide thank you for your input to all Homero Jose

It's designed to ensure there are no surprises after closing.

What would be the best approach in finding a partner and should I look for any particular credentials?

I have used your landlords approach in the past to break down tenants that do not get the message.

A long winded approach to find them is set up a google alert.

is a quick way to ruin Thanksgiving for perpetuity, so it's better to put a detailed approach in place and know how you're going to be able to handle the reno and successfully exit the property.

To revive the topic:I contacted some agencies from BP, selling DST.It appears, I can not do this option anyway, since I have only 250K to invest, and mostly DST are designed for accredited investors with minimum one million to contribute. 

The only issue with these approaches are the estate issues if you have siblings.One investor I know use the NNN approach to acquire properties from tired landlords, which your parents are.

The next one went by income approach and came in at 144K. 

My profession is Design Engineer and my business is real estate investing.