In order to unlock that cash, they would need to sell Property A.

The key is that you have a good understanding what land is worth so you are buying at a good price, and then you also have plan on how you intend to unlock it's potential.

Seeing two homes tomorrow in St Roch area- one with a realtor and the other listing agent said she was too busy and to just go in because the door is unlocked. 😳.

The owner told me that I could see the house anytime because the back door is unlocked (sounds shady) I didn't feel comfortable traveling that distance not knowing what I would be walking in to.

Around noon, I figured I would go to the property to put together a renovation plan.With a grin on my face, I unlock the door, and upon entering, I hear a very subtle buzzing noise coming from the direction of the basement.

I had just gone outside and left the front door unlocked when I came back in.  

Ive always been thankful for "hard money", as its helped fund were there was a shortfall, allowing us to unlock equity in our free and clear properties with a quick turn around, but would like to find a new investor to work with directly, with all the same principles and protection.We will pay all fees for setting up notes and mortgage deeds, title fees, closing cost etc, inspections and any other due diligence related cost.

@Dave Meyer If the door was unlocked, how could one prove that the tenant did the damage as oppose to it happening after they abandoned the property?

If it's an REO, what generally happens when someone steals the key is that another investor will figure out how to get into the house (I'm often that other investor :), and he'll leave a side or back door open for future visitors.So, if you find a house where the key is gone (and it's not privately owned), check to see if any doors or windows are unlocked.

Those buyers tend to play the long game for retirement and rent growth to eventually get return at the prices they are now paying.If you are buying a gut rehab in those areas or a mid level rehab you can maybe unlock some value and create and higher rent to all in purchase ratio then you otherwise could get.