Find distressed properties in your area, perhaps ones with grown up yards or broken windows, then proceed to contact the owner of the property; pre-foreclosures are ideal, as well.

I've looked at many occupied properties before from a buyer's perspective, but this is the first time I am selling one myself and am looking for a little guidance as to how to proceed delicately as the tenants are pretty loyal to me as a landlord and I am assuming aren't going to take news of the potential sale well due to the uncertainty of a new landlord and whether or not they will continue to honor the existing lease.They currently have about 5 months left on their existing lease and although I would love to wait until their lease is up before selling, at the same time I don't want to sell the place in the late fall/early winter.  

I have a property that I am getting ready to move on and talk to the owner and I'm not sure how to proceed beyond that point.

If they don't correct, proceed with evictions.  

In the area that includes most of the Loop, the increase tops 50 percent and could go even higher as the complicated process of valuing trophy assets proceeds."

In California if it goes to sale and the proceeds pay off the notes, you would be in line to get paid.

Of course the property cannot get approved yet at this point but the borrower shows the seller they are well qualified for this deal size before proceeding to the next step.  

I talked with my brokerage and they say we need to wait until the transaction closes for us to proceed.

I have never had that happen, so am not sure how to proceed.  

any advise or ideas on how to proceed?