Perhaps we may recognize if prices need to be lowered due to extra rehab work needed and that shorts them from their full commission (which I would be uncomfortable with as well).

He is absolutely correct that those who fail to recognize that notes are a finance function, not real estate, that it is a highly regulated area requiring expertise that is not easily taught and that these players are taking you for a ride.

You never know where your opportunity will lie at first - but the more you educate yourself the more likely you'll be to recognize it when it shows up. 

It's a tide that's happening, and in my opinion, players everywhere are well-advised to recognize what's going on...

I do not have high hopes on that opportunity, but I recognize that seems to be the better deal.

With a 50K adjusted basis gain recognition and purchasing 100K less than what you sold the entire depreciation recapture and gain would be recognized.

Any PM running their business the same way as they were 3 to 4 years ago is not really a savvy company to recognize the changes in the market.  

It sounds like you recognize the downfalls, yet still choose to partner, so I'm guessing you feel the benefits outweigh the challenges.

Following the lending law is half the battle, the other half is recognizing a good/bad deal or knowing what to do when things go sideways.It's not only the lender that can lose money on a bad deal.  

As a sidebar, as a member of the parent company you can sign for the subsidiary if the subsidiary Operating Agreement recognizes you as a signatory.