I understand Craigslist is one of them, but could you specify what terms or categories you search for to find these opportunities?

We successfully invested into a DLP fund that was already approved by Fidelity for investing with my wife's IRA account.

Doesn’t matter if they’re in left field; doesn’t matter if they’re about to throw $40k they don’t have down the drain; doesn’t matter that they’re about to send an already shaky marriage into crisis mold; no, they want a “warm and fuzzy”, an “atta boy”, told they’re headed for wealth and success, even if it’s a total lie.So it struck me - THIS is what the guru’s sell.

While they are legal from a building department view point, if there are complaints from neighbors about you renting it long term, it could create issues with zoning.  

The 6 homes would be kept long term.

And the answer to that is yes, just not through the foreclosure process, you would use a different process.Some states call things by different terms, but look up performance deed, or deed of trust to secure performance, or some verbiage along those lines. 

-How long is the hold period, what would the seller/you be putting in with cash if any-What is the % of equity gained -Can any party get out early-What the risks, and who has rights to the deal

Thank you It does not matter where you start as long as you develop your Core 4.

That will help determine if Short term capital gain (ordinary income) or Longterm capital gains.  

There are many ways to avoid taxes, so nobody can give you a complete answer without knowing your entire tax situation.If your only taxable item was selling this condo, you would owe long-term capital gains on the $150,000 plus ordinary income on depreciation recapture.