Biggest issue is that the things an office building is missing (kitchens/bathrooms) are the most expensive to add.Have you considered a more communal living type approach?

As for the liability issues, I am amazed at the information on the this site regarding asset protection and the incredibly creative entity structures suggested.

Maybe approach them and see if they are willing to carry the financing till the end of the rehab and till you hit a set occupancy number, then refi out and pay them off.

The approach would be to purchase the lot using hard money, move the house, rehab/repair and sell.

You might want to look at the VA foreclosures where you can get into homes at 5% down with incredible financing.

I've been approached by dozens of people who want the opportunity to get in front of our attendees so they can make money marketing this kind of stuff to them, and I've turned them down because that is exactly what this thing is not about.I actually had conversations with several potential speakers whose first question to me is "what am I going to get out of it?"

I was high bidder at the Court House and an investor approached after the bidding and offered me 5K cash to assign the contract.

I'd sure get a smooth, sensitive approach down pat, get on these too early and you're a vulture waiting for the dirt to dry, too late you can miss the deal.

Things like cost approach for value ,income approach and sales approach is what most appraisers use to find value.

Even if I approached all of the folks cited in the amendment or went door-to-door how would I know who is authorized to put something in writing if the lady that is the representative is not of sound mind?