I've considered wholesaling but being being agent will work best do to my physical access difficulties that make residential more complicated.

As others have suggested, refinancing is going to be your best bet.

I would take that $15k (if you acquire it) and invest it in physical real estate.

I don't know if that development ever got built, but if it did, I bet it looked like ground zero of the foreclosure crisis.2 is nothing to worry about.

I am guessing that water and heating was paid by the last owner as I found one huge water heater and two furnaces during my physical inspection.If I have to pay water and heating for all units plus common area and my rental income is $400 per unit, that will be a BAD investment.

I bet you have to call more than 100 to find a deal.

That's also my bet as a good attorney wouldn't be suggesting what you have posted above, IMO.I suggest you not even get into Contract For Deeds, that will just blown off this site.Again, welcome to BP, might be a good idea to catch the flavor of this site before blasting in as an expert in any financing matter.

I'm betting a lot of money this is how it works :-)

The exception may be if you personally witnessed an abusive event ... and then it would probably have to be physical abuse before most authorities would take any action (policy forces and the judicial system are just starting to understand other forms of abuse {emotional, financial, etc} ).

Bakersfield, I can't say for sure but of the 3, I'd say that is your better bet.