Hi, My name is Isaiah Coble I am a real estate professional.

You should seek advice from an Attorney and/or a Tax Accountant.  

I guess the first question is to find out what program she is seeking assistance from or is expecting to get assistance from.  

It's called the Professional Investors Guild, and I think it has a nice group of folks who regularly attend.

Always open to advice from experienced professionals.  

If you plan on professional management, get a PM engaged in the process asap.  

The owners would have to be foreclosed out or otherwise transfer the property to you for you to own it.You could buy the delinquent note, (not the property) then start foreclosure, but if they get current, they remain the owner, and you would be the note holder receiving payments.There are multiple ways to structure the note purchase, but you should seek professional help to do that correctly.

Sellers, even very professional ones, often "groom" their income statements (same thing as P&L or T12) when they know a sale is coming.  

Professional sports mogul and rancher Stan Kroenke, whose holdings include the Los Angeles Rams football team, has been approved to purchase the iconic W.T.

Seeking your guidance :-)