Post meeting Update:Owner corrected my initial assumption that the property has a single meeting.

My understanding is the former “whole note” holder retains the mtg/security instrument and bought only the “income stream” without an assignment of any mtg/security.  ....so my assumption is that you could not foreclose, but only your seller of the partial.....but I could be completely wrong. 

And your assumption is correct. 

I am expecting that she would be able to receive regular disbursements just like any other equityholder  Let begin with the assumption that she will even consider doing this. 

- Deal size $2-8M- Owner occupied, multi-tenant- Class A or B- Want a comprehensive tool for calculating IRR/cap rates/etc with ability to toggle many different assumptions.

> I think it is reasonable to assume the original offers were lower than the settlement prices for a significant portion of your data set.I would challenge that assumption.

After accounting 30% towards vacancy/property mgmt/capex/repairs&maintenance, plus a quick assumption without having received numbers from my lender yet (although have received numbers in the past so have a good idea what the other expenses would be), it looks like I could potentially cashflow $201/mo with each door being $650/mo.

If 1000 people all want to sell at the same time, there's something wrong with that area...and I don't want to buy there.I know where you're heading with this question, but in order for me to answer it, I would need the question to be based on a real world assumption...not a number that you might come up with a large number that would make the list sound better than what it is.Now if you said you had a list of 10 people in my area that you knew were interested in selling, it would peek my interest. 

Thorough research of your project’s financial and architectural design constraints will eliminate costly assumptions and guess work by uncovering facts, establishing construction costs and a realistic project budget.

My assumption is that no rehab work would need to be done so I would be buying a turnkey property with a conventional loan.