With the custodian approach, they hold the funds, sign every document, cut every check, and receive every deposit.If your investment interests are more dynamic, and will involve multiple assets or assets that require a lot of transactions such as rental property, then a plan offering checkbook control such as an IRA-owned LLC will be more more effective and efficient. 

That being said, I would be concerned about the occupancy and if the leases have a variable ending date and its age, and if you think you could add any value to it by raising the rents or make any interior or exterior improvements. 

It's been one of my best investments thus far as I've had to put very little time, energy and money into it.

I tell them my boss buys houses in the area and then ask if they are selling or interested in selling.I know there has to be a more efficient way, maybe going closer to the actual foreclosure date so they realize the urgency or something along those lines and also maybe approaching the conversation differently.Does anyone have any advice, or methods they have found to work effectively? 

We're listening to calls and reviewing your account to see where communication could have been improved, thank you for bringing it to our attention.

Are you working with an efficient realtor?

The attraction to point breeze is only going to improve in my opinion with OCF Realty's plans to build 40+ townhouses, 20+ apartments, retail store frontage and Dock st brewery setting up camp on Washington ave on the border of  Graduate Hospital and Point breeze. 

You can do zero down, and finance up to 35k into the price, as long as an appraiser validates that the “after improvements” value is within a threshold to support the work to be done.

We would love to do in such a way that it would improve his Debt-to-income ratio, which is a challenge for him at the moment, especially after having acquired this loan on the current $550k home in Denver.

In fact he is arguably in a better position since you have made payments on time, improved his credit, made improvements to the property and either stabilized or increased it's value, paid down the principal, caught up back payments, paid the taxes, etc.