.* The repairs are NOT financed, so require more funds out of your pocket, which again cripples your precious investment capital.

Incredibly enough the same people with the 2am toilet excuse are willing to give their time (which they deem so precious) to someone else.

Currently looking at Augusta, GA in case anyone reading has any experience there.Other markets I'm considering - * Cleveland, Ohio* Memphis, TN* Birmingham, AlabamaWould love advice on picking a market for BRRRR!

I am focused on residential properties in the Atlanta and Augusta area because that is where I served in the military; I like it there. 

If you can pay off a conventional loan just fine and the loan process would take less time than if you were to save the money yourself than id say go conventional to save your most precious resource TIME.

Hey BP, my name is John, im new to investing but I have some pretty good general knowledgeable on the subject (atleast I think) but not nearly enough.Its a pleasure and I look forward to gaining even more knowledge, t...

I thank you all in advance for I know your time is very precious.

Would having them call you save you precious time shopping around?

How can I stretch my precious resources to maximize investments?

So it is not really money you would loose if a claimant showed up, just your precious time.Your scenario 3, = "I manage to track down an heir and offer them a little extra cash on top of the back taxes..." is the most practical route.