As usual - I agree with Wayne...a LOT of cooperation is needed from the seller to make a short sale work, including lots and lots of her financial documents, continued updates to such, her listing the home, making the home available for BPOs,  signing lots of agreements, coordinating closing, possibly her being asked for a contribution if she has assets, etc etc....

Been doing it for many years, way before Robinhood and all the "meme stocks" lol I mostly invest in blue-chips, and only a small % in speculative assets.

I bought my primary for ~50% of its pre crash value as a short sale and it’s still 150k below that.I’ll take IRR on nicer properties all day long over war zone cash flow, especially if I’m thinking of passing the assets down to children.

While it is true we all felt awesome and really smart for buying assets at 40-50% of their intrinsic market value, it is unrealistic to plan for another time like this.

I personally will not use income approach to value until I am at double digit units.

I was able to make an absurd amount of money by swing trading and doing a ****-load of research an i niche, highly unusual asset class (a company that effectively had a monopoly on oddly-shaped foam pieces/packaging for computer hardware during the PC boom).I was 8 and didn't know any better, so got out at 9 and saved it all.

Looking for any referrals for property management that suits this asset class.

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.Any lawsuits would be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced).

The seller moved to South America and wants to get this off his hands ("he's taking a huge loss but he wants to move this asset").PROS:The mayor of FW is pouring money into this area so I think I'd be near the front of a gentrification.Its rehabbing is mostly complete.I can do most of what is left myself - from a rehab perspective (except for HVAC)Its crime is in the middle from Trulia's crime reportingRent-o-meter and Craigslist make me think I can I can rent around $1k for each sideCONS:No HVAC at all.

The property is purely an investment asset of the IRA.One invests their IRA in a vacation rental because that vacation rental provides the best possibility of return on investment to the IRA, not so they can use it.