Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.

After that, the lender may use a private auctioneer to auction off the property and try to recoup as much money as possible.

Focus on paying them off (smallest to largest), and you'll be living large in 20 years.

If that's a turn-off for you, then don't go.

What would I need to do to structure the note in order to have a note buyer come in and buy the note or buy a partial enough to pay off the 215k at closing and still have some difference coming to me or the note revert back to me after the partial was paid for. 

Borrowers overleveraging, deals falling apart, and platforms absorbing starting to selll off these losers. 

Living off the grid is very appealing, but certainly challenging.

Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.

In my personal opinion, I think the return of 100% bonus (or at least expanding 179 a bit) is somewhat likely with the new administration, so it might be worth it to you to hold off on doing anything until things look a little bit more concrete.

@David Robert - Based on what you're saying it sounds like certain sections of drywall/wall are better off coming out and replacing then trying to repair.