(ability of the buyer pool to qualify and service debt) Money can be made in any market...it just takes much longer and requires creativity and diligence to identify the opportunities in mature market cycles...in addition to sticking to your financial model...without getting emotionally involved, which results in over paying for deals.

Just IMO, but there is way too much emotion in your 'offer'.

Just had a question: instead of direct mail to the personal representative, who I'm guessing will be emotional about the property, would it be better to contact the probate attorney instead?  

The seller would then further explain her statement as some people are emotionally charged and poor communicators.

Not to defend myself, but just to clarify the information I give to BP readers, my answers are never based on emotions, or lack of evidence. 

Basically look at these things like a math problem and it makes things more simple and less emotional.

I know to check my emotions and ego at the door.

Keep in mind that if you get loans that are meant for primary residences, there could be stipulations about how long you live there to keep the loan.If you move forward with low income landlording, you may want to check out my BP podcast episode and my weekly BP member blog.I think if you are comfortable living there and are willing to put in the emotional and physical work to keep things on track, you can be successful.

Cops show up... they open door letter on table... wallet on table... cops turn say go to your car.. man had committed suicide in the back yard... these are highly emotion charged events with these folks .. working pre foreclosures  or what have you one needs some pretty serious apathy skills..

There are several factors at play.First off, you need determine your max price before you get caught up in the emotion of the auction.