@Alex JamaelWorking with investors is a relationship business, so take your time to build these relationships (ideally way ahead before you need the money), show your track record, your credibility, references, and of course offer to help them make some money on the side.

Once you establish a track record and trust it's easier to attract investors.  

You have to reconcile how to establish basis and you need a good system for tracking expenses and income.

He says he prefers to wait until the liens are paid off instead of inheriting the mess.I know probates also have issues arising from tracking down the Executor, and getting all family interests to be happy with the offer you present to him (though he has final authority). 

Also you don't have a track record of the other condominium owners and condo association to look at.When you buy a condo, you're really signing on to be part of the condominium association too (since you'll be affected by their decisions).

I have saved up cash and am actively looking for my next rental but this has stopped me in my tracks.

Maybe for a newbie like me I should only focus on (1) pulling together all my landlord templates/processes, (2) continue to read and educate myself, and (3) keep a close eye on my target markets -analyze and track properties (I created a property tracking sheet).

You really need to create a few different pieces, mail them AND track their success.

I thought I would track profit and costs, repairs and updates we have completed, some photos, details of purchase and rent history etc. 

If you do obtain 3 properties, I would highly recommend using free online property management software to keep perfect track of your income and expenses (a trailing 12) so that you seem more credible to the banks and have something to show them.