Two years ago I decided to turn up the fire and move things along. 

You'll be right around that median priced home where the most demand will be, not only for rentals but for owner occupants looking to purchase as well. 

How did current owner finance the property or were they unable to finance the property due to the encroachment and was this information withheld in disclosures? 

By consolidating and repurposing these spaces, property owners can unlock additional revenue streams.Upgrading Amenities.

Decide how much money you would willingly flush down the toilet. 

You may be able to confirm their most recent address through some online resources like whitepages.com or on their credit report and then look up the owner.

-Detailed inventory and inspection of owners property (this is done for LTR also, but few LTRs are fully furnished and outfitted). 

Apparently a lot of times the owners have more games than their floor can handle and/or have underperforming games that they can sell you.

I think your correct though folks have to adjust to the new normal and the interest rates they are not coming down like folks hoped for I think we are in for a run of years were rates will be more like the 2000s  6 to 7% and Owner occ in the 5s with Maybe some high 4s. but by the time folks wait for that prices will rise in the better markets.

If you have an LLC or the property is owned in a land trust the judge might decide you need an attorney.