Well asset managers sell a non listed property?

Yes, probably uncooperative junior lien holders, or the bank saw that the seller had additional assets or a good job such that they could effectively go after them on a deficiency judgment, versus the SS where the seller was probably negotiating hard to be fully released from the debt.

The preliminary title search or report must also confirm that there are no liens on the subject property.o The source of funds for the purchase transaction must be documented (bank statements, personal loan documents, HELOC on another property).o If the source of funds used to acquire the property was an unsecured loan or a loan secured by an asset other than the subject property (such as a HELOC secured by another property), the HUD-1 for the refinance transaction must reflect that all cash-out proceeds be used to pay down, if applicable, the loan (unsecured or secured by an asset other than the subject property) used to purchase the property.

In development cycles there is a under supply,sweet spot,and OVER supply.A certain asset class can be over built and it is often times a race to market on who wins.If your project takes to long to complete and the market gets saturated by that time then you will have to reduce your anticipated rent rates and cash flow projections to bring in new tenants or you will have to spend more on amenities to justify them paying a premium price.Either way it will cost you more money.

I have a buyer for this vacant building.Buyer sends out contractor to look at the inside.Security guard says he can't come in to look.I call seller and he does not have any security out there.Talked to asset manager at the bank and they have not foreclosed on the property.Sometimes the asset manager said the city of Atlanta will secure a property to keep crime out but she thinks it is drug dealers as well.

You hold no assets in entity 1 and it acts as a shell to protect entity 2 from causes of action.

Yes, what you want is a fantasy.Hard money rates are double digits.

Your personal residence, an asset or a liability?

I'm not doing this as an investment but simply trying to keep the various assets in my portfolio at the percentages that I'm comfortable with.

In the world of institutional sales (REOs are the best example), having great relationships with the listing agents, asset managers and other people key to the transactional side of things, will allow you to get a nice advantage over the competition.