I’d also email the letter’s contents to the tenant without delay: “On X date, approximate time, I personally deposited a letter with a copy of the attached contents (please see attachment for reference) in it into a USPS mailbox located at… It was a stamped, with a “USA Forever” stamp, and sealed, letter addressed to your first and last name at the following address, which was the last address you have provided to me for yourself, and is the only address I am currently aware of for you… Furthermore, you appear to be in non-compliance with ORC 5321.16(B) (this was Ohio,) which states, in part: “… The tenant shall provide the landlord in writing with a forwarding address or new address to which the written notice and amount due from the landlord may be sent.

Quote from @Bill B.: I BELIEVE it’s just a sticking point not a prohibited one like it is with self directed Ira’s.

I never recieved any notice  B.

Quote from @Bill B.: 1) The seasoned professional was usually there first.

It is a A/B+ Area.

I just completed "How to Invest in Real Estate" this morning, and am now diving into "Rich Dad, Poor Dad" now b/c of allll the accolades.

Recommend: target Class B properties, maybe Classs C+ in gentrifying neighborhoods.Run your calculations BACKWARDS to determine the purchase price for the ROI YOU WANT.Make that offer.Repeat as many times as necessary until an offer accepted.Before the 2008 Crash, we used to plan on writing 100 offers, to get maybe 10 accepted, to actually close on 1 property.It takes work to be successful!

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

@Anthony PerezRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

(option B)My biggest question is not able to decide between option A vs option B.If i go with option A tenants can manage that area well using their own landscapers every once in 2 weeks like that.