In the scenario of the HOA being able to address the issues successfully by raising dues and special assessments, I could at least take a tax deduction for them.

And to me  doesn't even matter  because I already know  what type of person you are and they are a lot  of successful  real estate  Investors  that are buying  up the hood .

Has anyone tried this or had success?

My goal is to obtain $70,000 in passive income with a long term buy and hold strategy withing the next 10 years.I want to achieve this so that I can comfortably travel the world and gain life experiences, spend more time with friends and family, and pursue any other goals or interests without having to rely on a full time job.

If anyone has had success in collecting after they got a judgement against a defaulted borrower I would love to hear the outcome and I would love some recommendations of firms that I could turn to to handle this.Thanks for the help!

I know reading about real estate, and everyone’s success stories really makes a person want to jump right in (I get excited too, haha).

Also, how about having success with renovation loans for a flip property?

I have been working the probates hard the Seattle, Washington area now for 3 months with no success.

To your success!

It sounds like the prospective Tenant Buyer lacks credit and sufficient income, Not a good combination.The way to put together a successful Lease Option (rent to own) with Tenant Buyers is outlined here:https://www.biggerpockets.com/forums/600/topics/58...