They say the intended to fill the vacant lots with POHs but sudden medical expense prevented them   They may owner finance a 2nd position of up to 20%  If I settle on close to the 750K they want. 

@Ram Gonzales - So long as you target non-pros as the buyers of the notes you create I know of others who implement similar models.

Also, the current owner, may have best intentions to move out on the scheduled day... but then have something come up that prevents him moving.Do you live in the Cleveland area as your permanent residence, or are you an out-of-town guy? 

I am a great listener and implementer, not looking for a handout in anyway, I want to work smarter not harder.

I am not sure what happened or why it was left to grow too long but was wondering if anyone had systems in place to prevent this kind of issue and if it has worked well for them?

Prevented me from buying my first property for a long time (almost 20 years, don't be me!).  

After all, if someone is getting $1k a week for.... doing nothing - what would prevent him/her from doing nothing?

- Class B property in Class B+ location with 8% below-market rents- Previous owner mis-managed the property by running costs too high- Value add: Renovate 10% of units, Install smart home packages, Implement valet trash, Install kayak dock on lake, Upgrade clubhouse and on-site gym How did you find this deal and how did you negotiate it?

The lease option strategy that you mentioned could be effective if implemented properly.

It's not an insignificant investment, but we think there is significant demand.In general we look to automate processes, implement systems to quickly collect payment, increase marketing efforts to normalize occupancy to 80%, and to expand into boat/RV storage.