Adam, I appreciate the sentiment, but at the time I posted I literally didn’t even know what step 1 was.  

For this type of a question I would suggest posting it in the multi-family forum. 

Beach and ski market owners already know this, but for all the post-Covid Smokys owners this is the first year they are experience this and they are scared.

So how many did you pick up since the post ? 

Please keep those posts in the Classifieds forum.Need a spreadsheet or form?

We had a client that bought in Port huron and then ended up selling their property because they went through 3 PMCs and gave up trying to find a great one:(Some copy and paste advice below:--------------------------------------------------------------------------------------------------------Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

However, this does not impact the sale proceeds.This post does not create a CPA-Client relationship.

I have found several vacant lots in my local area that I am interested in.  I have the information I need to send letters to the owners of said lots.  My problem is that I am unsure of what to write. Do I send a one p...

If you buy it too low, in some jurisdictions they will call it "equity skimming" which is illegal.It can be very profitable, I've done many, but you really need to know what you are doing. on pre foreclosures on the West coast if you happen to do them legally .. the old owner is due 80% of the profit if you sell within 36 months.. so there is that.. but if your buying pre foreclosure for long term hold and wait out the 36 months then your fine. the reality these days is post GFC lenders/ banks/ servicers have realize that working with the buyer to reinstate recast redo the loans is far better than taking it all the way to foreclosure so your correct its usually the worse houses that make it all the way to the end and go to sale.thats why if you follow NODs  Notice of defaults or whatever they are call in your state. you see so many postponements and or removed or paid off etc.. so you hone in on one property do all this work only to have it not go  to sale  rarely are you going to buy a home that you really want LOL

I will DM you the address but prefer not to post it.