Hi @Schuyler Witt, the best suggestion is a multifaceted approach.

How many lenders did you approach?

How should I approach someone I know who’s behind on taxes about buying their property?

Syndication is another passive approach.

Unless you are approaching retirement, I vote leverage!  

Meaning, it can bring a property up to FMV, but if FMV on a similar (already remediated) property is already $425k, you won't gain any value by doing this work.I would approach this like a lean flip.

:) That's a very Dave Ramsey approach to personal finance which is fine and good for many, just not my approach.Regarding maxing out retirement plans - retirements plans limit my flexibility with their limitations.

Greetings, A couple months back I noticed I was approaching my 100th post, and I wanted to bring value with post 100.

@Blake Dailey I'm looking for a more passive approach where I purchase rentals and hire a property manager.

I am going to comment in here mostly to track replies from people with more experience....however, I think it's important to remember that there is a wide range of situations that can lead to the missed payments causing a home to show up as "pre-foreclosure" and different approaches would be appropriate for each.