If so, cross your fingers that the tenant likes you and doesn't get the idea to go to an attorney, because that's how you wind up as a defendant in a federal civil rights lawsuit.

AND the judgement lists both the husband and wife's name as defendants.  

Also, I do see some NNN lease property vacant during the lease, if they are corporate guaranteed, the company will still continue pay the rent until lease end, but how to handle these vacant property during this period before the lease end?

That disclosure may provide a position to defend a call of the note in the future.The risk is lower if the borrower is directly involved and higher if this is from the borrower to you and you to a new buyer.  

what dose your gut tell you stick with what you know or take a chance, if you take the price of 240 after the repairs then you have a $80,000.00 window to break even the question is how much for repairs VS put under contract and monies you would make for that

You might be liable, depending on how you advertise the property, what you disclosed and how, your contract and state law, and for sure you can get sued and you'll have to defend yourself ($$$). 

I would be more in a manager roll- ensuring payments, maintenance projects are completed, and new remodels are being completed.To John Rooster's point, I do see this opportunity as a leverage for me to get into more properties.

John, please know this:  you don't have to defend what you did or didn't do. 

The first instance I saw negative reviews about the company I have built my company on the back of, of course, I will jump to defend them.

http://www.anchorloans.com/Equity/ForDevelopers/Tr...i'm an auction newbie and have never purchased at auction before, only off of the mlseverybody says the margins are thin in LA and I agree but I do see investors making good buys all the time, I track it on a daily basisI've researched this topic to death but I personally don't know anybody who is active to shadow or talk to ideally, would love to team up with an investor or group that is already doing thissome good info to share:http://www.kenihandevelopment.com/2013/01/10/buying-properties-at-the-trustees-sale-in-southern-california/thank you