To find a house where the seller is willing to sell it to you Sub2 the existing loan you need to do quite a bit of marketing.

Just pumping up the deal and defending the seller (who has been late on a few things).Just wondering what reason they would have.

Any tips or insights navigating the current market conditions?

Hi @Sunny S. turn key properties are always the way to go in the Memphis market.

But you need to know your market.

For starters motivated sellers do not typically bring this up.

Purchase price: $2,400,000 Sale price: $3,800,000 48 unit asset in a tertiary market. great upside in bringing rents to marketwe sold the asset after taking rents from 700 to 1000$ per door.our investors recieved year 5 returns in year 3 What made you interested in investing in this type of deal?

They usually aren't any good at vetting a seller financed transaction and representing your interests from a legal perspective.  

In some market areas that is large and in others that is small.

Also, if you have not already done so make sure you are getting a clear picture from the sellers about how much the current tenant is in arrears.