no problem its not real complicated you just don't know what you don't know until you experience it.you want your experience or knowledge to equal or exceed your buyer so you can best position yourself. for not in the business land owners selling to developers.for me the short to do list is1. first and foremost talk with your CPA and make sure they understand what your doing.. don't want to box yourself into a tax situation you don't care for.2. tight contract.. remember builder/developers by and large are sophisticated buyers.. so need to level the playing field.. this is not some wholesaler trying to snake a property.3. once figure out have a good RE attorney draft the contract don't use standard board of realtor or MLS forms.. it should be a custom contract in my mind..

Finding off market deals is key.

There is still good money to be made in AZ, FL, GA, TX and other states, however, picking the right submarkets is key.

A few key pieces of 504B.365 Subd. 3(d): (When sheriff returns a 2nd time to move out the tenant--different from where the tenant "abandons" on his/her own prior to sheriff return move out)-The landlord has specific personal property inventory and tenant inventory notice requirements.

In my case the house had great hardwoods under carpet which all had lots and lots of pee especially one room, but we pulled up all the carpet, saturated with an ozone remover, let dry, did it again, sanded the floors until the smell was gone, refinished, cleaned the vents, cleaned the base boards or replaced, and smell was finally gone. 

(Big/key question is what the % should be)-- After that cash is paid back, they own the property equally 50-50. 

We've always purchased turn-key properties and are now thinking of buying a true fixer-upper at a lower cost and renovating (i.e. adding higher, architecturally interesting ceiling, ripping out walls, and designing a modern space, etc.). 

So I was able to get someone to meet the tenant at the property for the keys and to basically do a quick walk through to makes sure there was nothing major going on or left behind.In my state, TN, apparently, if the tenant is present for the final walk through then the landlord has to give the tenant right there on the spot a list of damages that would count against their deposit. 

Happens every day and there are countless stories on this board with both successes and failures in the endeavor.

@Tyion Bridgeman @Brie Schmidt Since I am still inexperienced in the space, I am hoping to find a relatively low risk turn-key or cosmetic fix-up multifamily property.