Offer them a chance to comply with the lease terms.

So, you should reach out to some local land banks in your area (google search that term specifically) and see if any of them offer cash out loans on land. 

I had 10x fewer headaches but no more rent in my pocket.Based on what I have seen with deals being offered in the multifamily space (5+) units.

To win at pre-foreclosure you just need to offer more than they owe and the bank will be happy.

Being appraisers, we are familiar with estimating "cost to cure" of deficiencies, and we know useful life of short lived items so we can build seller credits into our offers that will help mitigate monthly costs to us for reserves.We are going to take it slow and steady, as I said, with an eye on returns that may not be spectacular but still rival the stock market in a sector of the economy we know well.Thanks for the encouragement @Dave Meyer!!

What do I need to bring to the table, and what are you offering to pique my interest?

They don't want to pay out any more than they legally have to in order to make their insured whole again (back to like kind and quality). 

As we step into April 2024, the market is alive with possibilities, offering exciting opportunities for both buyers and sellers.

Spoke with an attorney and they said we have a legal right to enter.Per the lease, we stated we would first have “friendly negotiations” and then mediation and then arbitration.

Additionally, we must maintain a network of legal, financial, and industry experts who can provide insights and guidance on navigating complex regulatory environments and geopolitical risks.These additional strategies have been very effective for me personally and I believe that these can be helpful for every CRE investor.