I am asking from a landlord perspective for damages exceeding the amount of collected security deposit where there is a low likelihood of collection directly from the tenant through a judgement.

The directions aren’t the best but you’ll find your way after the first couple you assemble. 

@Michael DraperWhat you are hearing about is what is referred to as a self-directed IRA. 

It would be great to pick it up at a discounted price.I was wondering if anyone has ever been in a situation like this, and either A) tried contacting the owner (company) direct to see if they are motivated to sell much cheaper or B) working through a realtor just make a much lower offer?

I just learned a little about the concept of Self-Directed IRA's from our local Meetup last month.

Go ahead and direct message me your email or phone number.

We refinished hardwoods, added carpet, completely redid the kitchen, light fixtures, and painted the interior and exterior.

It really does make a huge difference--mostly due to lighting (using a good flash) and the lens.

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Some of the ways to find properties include but not limited to:1) You can add loopnet to your list as a source as sometimes smaller multi-families are listed there as well. 2) Direct mailing campaigns to the owners3) Networking at local REI groups4) Through wholesalers but they mostly concentrate on SFH5) Partnering up with someone who has access to properties but no funding (if you can offer funding)