The federal reserve happens to have an article of sorts on this: https://www.stlouisfed.org/Publications/Regional-E...

To this detective he knew this could be an estate or probate sale and the home could be owned free and clear with motivated heirs. 6.

I admit it, I'm a lazy guy at heart and have to work hard to overcome this inclination regularly kicking myself in the pants. I thought I would share this Reddit thread I came across. Those who struggle like I do migh...

I'm getting motivated sellers but I'm having trouble with finding Reliable comps.

Unless there was some sort of "inspection" period noted on the contract you are not on the hook for much of anything.

When you talk to the owner just ask him if he has any other properties that he'd be interested in selling and he should open up if he's motivated.

If the sellers motivation is getting a higher sales price and someone fixing the headache with time, money, and work then they might go for this.No legal advice given.   

One of the toughest things to deal with, and made even harder since it's clear you have some sort of relationship with this person.We've learned the hard way (as it appears you have as well), that being nice to the tenant and allowing them to fall behind on rent usually bites you in the end. 

When I sold, I took my profit and moved to better neighborhoods.Find motivated sellers (there should be MANY) and cut your most insulting low ball offer in half.

I had to sign all sorts of documents saying I would live there.