Because, in all honesty, after closing and you set up your recurring payments to pay the note every month, you may never interact with that individual again. 

I know this will vary for the individual and the type of investment, but it seems most are happy if the mortgage is covered and it cash flows some minimal amount.For an STRP, its not completely passive as I would be hiring someone to handle the listings/cleaning but its much less work than the business I own.

I did do a few deals in real estate for other individuals.  

I'm buying a 1st position NPL on a residence in WA state from an individual who purchased it from a hard money lender.

., and I found something that I ran across in Lake Worth area as well (they are SFHs and leased individually).

Also, I previously bundled 3 duplexes from individual residential loans to a commercial loan.

Regulatory Guidance Notes can either be in the form of a statement of best practice or a statement of minimum best practice.Occasionally a regulatory authority will feel compelled to issue detailed guidance to regulated businesses on how it expects them to actually discharge their legal and regulatory obligations.

____________________Now I don’t know if you invested in negotiation training but this is called “the what if statement.”I’m being a reluctant buyer there,I’m using the what if statement to feel them out,just throwing out an idea, andI’m using appeal to a higher authority with talking over my business partner, andif they get excited about this, I’m not to get excited that they’re excited,I’m going to go further and say something like…“Oh I see that something that you consider… okay…. tell me exactly why that would be a good fit for you I mean what you like about that?”

@Andrew Jones - They are being sold as "condos" because the owner has legally split the duplex into two individual units (with separate Tax IDs).

You need a seller who has standing, that is, Capacity, Powers, and Authority to pass title.So, someone with either need to become appointed administrator or follow as zip your process that your state IL may have for an informal or summary probate.