The 2 properties are rehabbed and my contact is selling them for 110K each.   

I forget the name for it but it's when the owner sells the property to you directly and they basically become the "bank".

He and his siblings are looking to sell.

I know there has to be a rational explanation for why someone would sell their apartments.

projects we looked at were in Oregon and if your doing actual MH and your doing a larger project like 100 to 200 units it can take a few years to many years to fill them  and you usually need a mH dealer on site to sell them  etc etc.

HD sells everything you need.

There are quite a few of Sell By Owners listed which would be a value add play there.

Looking to collaborate with lenders by selling partial or all of some of my recently originated notes. 

A condotel is a bit harder to sell.

Because as the lender you are owed the $ and borrrowr can personally guarantee itSay you lend $100k and it sells for $80k and does a $20k loss, you still are owed $100k+ interestIf you split profits, you are out $10k in the same example (assuming losses are split).