Pairing hard money loans for acquisition/rehab with DSCR loans for refinance seems like a strong approach to keep the momentum going.Do you typically fund multifamily properties in New Jersey?

Are there other approaches to balance my goals of reinvesting while being considerate of the long-term tenant?

The trustee, borrower or bank can ensure you get your hand slapped hard for approaching the circumstance as a work-out or foreclosure fix it guy without a license or being an attorney.Let's say that we can approach the owner and be in compliance, which you can.You will not purchase a note as an individual investor from a bank that has started foreclosure by making an offer like that.You get a request from the borrower for the bank to sell the note in lieu of payoff as demanded.

Thus, they are appraised as such - valued based off the sales comp approach - i.e how much have other similar single family homes sold for?

I wanted the guests to know what to look for as they approached the property.

This decision not only maximized immediate profits but also enhanced positioning for future investment opportunities, demonstrating adaptability and a forward-thinking investment approach.

You can check out their thoughts on how to approach seller financing here: Making Your Primary Residence the BEST Investment Ever (Better BRRRR!) 

Always approach as a developer with a specific usage.  

Developing that trust with someone you don't know may seem like a challenge, but if you approach it correctly, you should be able to achieve a pretty solid foundation of trust.The best way is to talk to others who have had an experience investing with the sponsor already.

You might approach your previous lender and explain the situation honestly but tactfully.