Eventually the economic realities catch up and this market deflates, but there are still steady, consistent medium/suburban markets where the hype is not too crazy.

@Brandon Turner - Florida works pretty much the same as Washington State, though in some cases Attorney's offices perform the same functions (in my experience, this is more common with REOs).

I want it for sure and if its an out of state lender or mortgage broker I have never heard of I will check them out.. and in some instance not accept the offer unless they use one of the lenders I know personally can perform and their Prequal letter is worth a Sh$$$  ....

But I consistently run into people who own 5-25 parks and want to buy more.. 

The process varies depending on how you obtain and whether the note is performing or non performing.

That's actually my preferred price area, better performing than both above and below those ranges 

Have zoomed in at a couple that fit the profile and financial performance.

At that point you would have three items 1) your adjusted basis 2) your depreciation recapture (25% tax IIRC) 3) your gain (taxed at 15-20% IIRC).Your basis throughout the years will change as you decrease it by taking depreciation, and increase it when you perform improvements which will then be depreciated.

This all comes down to momentum and performing some or all of the above tasks in a consistent manner or a long period of time (greater than 6 months).  

Seems like it would be best to call the bank and tell them you want to find some one to pay off this under performing note.