Given the competitive market at the time, every property was receiving multiple offers, and securing a deal required both strategy and speed.

Not all areas are bad and some of the areas that are labeled as bad, aren't that bad and provide the best cash flow!

Sellers may struggle to mentally shift from "owner" to "tenant," which can create challenges with boundaries and property care.Security Deposit:If you’re doing a temporary leaseback, be sure to collect a substantial security deposit to cover potential damages and ensure they vacate on time.

You must keep the tenants security deposit at a bank that physically operates a branch office in the State of NC.  

We also received a $2400 security deposit.

As far as feasibility, you can absolutely use propwire, or propstream for that matter, to secure the list and then mail postcards to the owner info. 

As I’m nearing retirement, I just invested a similar amount in first trust deeds secured by real estate at 9.75%.

Do you provide the login credentials upfront in case the service gets logged out? 

I hope to never need the umbrella insurance, but it provides peace of mind that I have extensive coverage.  

It does sound to me that a lot of that work should have come out of the tenants security deposit