The key is to understand the capital stack, who is in line in front of you and what are their terms.The people who are getting burned may have known there was debt in front of them, but did they know it was short term or variable - did they know all the details to make a good judgment on the investment.If a property had 20 year fixed debt at 70% would you take that over 3 year debt on a variable rate at 50%? 

Here are some key points to help you evaluate the opportunity using AirDNA:1.

Love to hear about how you've been patient and wise.

If you go to court, there's some cost to that and you'd be risking more escalation if they sought counsel as well.My approach for problem tenants is just appease them if the cost is minor and then not renew the lease, or even cash-for-keys if necessary.

Replatting and renovating could definitely add value, but working with someone who knows the local zoning and permitting processes will be key.

Also you would not reduce the price because of the interest payment. that is not how it works.3. yes the note could be sold, but at what type of discount and what if the borrower stopped paying.while there are a lot of posts on seller financing, some estimiate less than 1% of all transaction have seller financing and the ones that do are first position only with an average of 30% down payment - most of these are to people who do not have verifiable income.Thinking you will get conventional financing then seller financing will be uphill battle as the conventional lender most likely will not approve a 2nd mortgage for purchase.not trying to dissuade you, just wanted to provide some key insights so you do not spend 1000 hours chasing something that is impossible to find.

Other than that not too much you can do, the only alternative post-closing would be to offer cash for keys for someone to move out quicker, but if it's short notice to vacate period like 15-30 days than it's probably cheaper to wait. 

And what is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?

Quote from @Robert Ellis: Quote from @Grant McMillan: To all reading this thread, I am the COO of RTR and responding on our behalf.It's important to point out a few key facts in this case since this is not simply a review.

Key: cleanliness, keeping food contained and not leaving pet food out, exclusion (blocking holes where rodents can enter), keeping vegetation away from the building.If it becomes a serious problem or infestation, then call in the pros.