The homes that are listed at a good value are still moving quickly but from what my team and I have found is that most MLS sellers are accepting offers around 90% of value (this is a very general conclusion that will fluctuate in different price ranges).

I have come to the conclusion that this is a waste of time searching for deals on the open market, and that before you get into the multifamily business, you need to get educated to become credible, start a relationship building business with the players in the area, and a start a marketing business that directly reaches out to the owners of these properties - to break bread with them and share your goals.  

Or, as mentioned earlier, the building will become the property of the ground lease owner at the conclusion of the tenant's options.

After combing through a number of different posts on marketing strategies, I have come to some sort of a conclusion: yellow letters have a relative high response rate with high probability of unmotivated sellers, and postcards lead to low response rate with more motivated sellers.This being the case, I have decided that I would like to go the postcard route.

Also, your job as PR (did we ever conclusively determine if you are successor trustee or executor?)

Eventually I’ll do a little of both to diversify.Since this is a RE blog, I’ve come to the conclusion that many California RE investors have, and have decided I have to go out of state to invest.

I'd start with a few:Droopy ceiling fan blades - Excessive moisture trapped in ceiling and attic, possible mold spread inside, plumbing problem, roof leak, soggy studs, possible damage to electrical wiring.Cracks on the ceiling - Possible foundation problem, roof leak, or storm and hail damage to roof.Soft spot or dip on the floor on 2nd level - Workmanship on flooring cover, water damage to wood underneath, renovations done from down stairs ceiling created damage.House extension not built on slab or same foundation as the house - Difference in foundation and level.

That's the rough conclusion that I was coming too without doing the actual math.I think that's the internal battle that they're going through is that it will chew through money and most likely not be cash flowing, but on the other hand Kingstowne is on a great growth incline with great opportunities to hit $900K in a few years.I think they should sell and find multiple less expensive cash flowing properties... but that's a real struggle in this area!

No, but if $20 gets you to your conclusions faster, then it's well spent.

@Jeremy Baker And that may be the next logical conclusion I come to If I cant find what I'm looking for in Denver.