If you haven't already, I would actually suggest trying to gain some experience flipping houses first - even if it's by assisting pr partnering with another investor on a few flips, to learn the lay of the land and pad your resume, so to speak.Beyond that, you need to do both actually.

If you ever need any assistance or have questions please let me know!

I’m curious to know how you know “All of them collect some type of government assistance” or whether/when they work?  

First, I'd be careful in colluding with the buyer of a discounted note when you are the borrower. 

There are quite many Accounting apps to choose from.For me, online database (keep track of expenses from anywhere with phone/laptop/assistants) and receipt scanning through phone are the 2 most important features.

Hey Eric, happy to be of any assistance your require.

To answer Brian's question, I believe you just want to cut your losses and recover some of your cash and possibly pay back borrowed money.Assuming my hunch is correct, you just claim your losses, and there is no tax issue.If you do have a taxable gain after selling this property, you will not have adverse tax consequences, either.

@Rob Gillespie I have an opportunity to strike on an 8 Plex in East Cleveland, any chance you could be of any assistance in trying to value this one properly?  

Seniors (ready to downsize or transition to assistance) and Homeowners with low Financial Stabilility Scores (FSS) are 2 that haven't been over-used.

It's whatever you can negotiate...I've had deals (both lending and borrowing side) with interest rates anywhere from 6-14%, terms anywhere from 3 to 18 months, no upfront points, 4 upfront points, monthly payments, one-time payment at the end, etc.