@Bob Bowling

They have a problem- you have a solution (that is outside the box for most people) so be super transparent on the front end to avoid stuff like this on the back end. 

And the person needs to be turned in and prosecuted  LOLI am all for profit's  its how we do business.. but taking advantage of the elderly simply is not one that I subscribe too.. a 240k property that only needs 20 k in work.. is certainly NOT only worth 90k..most folks would be tickled pink to pay 150k a 240k prop that only needs 20k... had this seller simply gone to a reputable realtor and the property was exposed to the open market fair market value would have been achieved for all.Now I get Hoarder houses and super low value deals... etc etc.. especially with how intense the asbestos laws and lead paint laws have gotten.. the old days of just a wink and nob get rid of it is over.so on the face of it. some of these homes will need to go for VERY low dollars to make them viable.

Any suggestions would be super beneficial! 

@Buck Dabill - About two years ago I left by W2 and landed in real estate ... then realized that the W2 would have been super helpful to secure debt for investment properties (learning curve).

I'm super interested in Off-Market and Creative financing to help get the ball rolling and be able to work the larger MFH deals. 

Its super convenient and you know you have a truly motivated seller.If you can do it without viewing it, more power to you.My best response would be "It is not, the way.

The only way that changes is if there is something truly hidden found during due diligence and inspections... and it would have to MAJOR if my offer was a super quick one because again, I will only do the quick offer when it's obvious grand slam.

Are you super committed to the bank that has the first loan?  

Overall, though I think most property management companies are not equipped to handle AirBnB.One article I read years ago (prior to AirBnB) was about super-economic motel chains in Asia where each "guest" rented a recliner with a blanket and got a pair of ear plugs and an eye mask.