Here’s the context:The house appears vacant, with a large tree that has fallen on the property.From what I can see, the house seems full of furniture and might even be a hoarder home.I’ve skip-traced the property and found that the owner has unfortunately passed away.The house seems to be mortgage-free, and I’ve identified three phone numbers associated with the son, who I believe is the heir.I’d like to reach out to the son to express my interest in purchasing the property, but I want to ensure I do so respectfully while also gathering the right information.Here are my questions:What’s the best way to approach the heir while showing my condolences for their loss?

If you're talking about single family homes/ duplexes etc. the neighborhood it's in will generally give you the risk profile.Hope this helps.

This is what I do currently but it's a process of purchase, rehab, wait 4-6 months, refi, then wrap and sell (and risk DOS clauses).

An LLC is not free.

It looks like a great idea on the surface but the numbers don't stack up from a risk/return point of view as far as I'm concerned (it could be different for you depending on your return expectations).

Taylor sent multiple email inquiries to our insurance provider asking what risks their policy covered.

For an absentee landlord, it would seem that a condo could have less maintenance headaches than a SFH and lower risk in general. 

Feel free to reach out.

While I could have gone lower I am lowering my risk tolerance because I expect a recession in late 2019 to 2020.

I currently work with investors to build their portfolios with Turn-key long-term rentals, making it hands-free for the investors.