Focus on areas with good schools and infrastructure for reliable tenants.

Who are a few great companies I could speak with that have turn-key properties available?

But as someone who’s been in the trenches of real estate investing for almost 30 years, I continue to see some flaws.Some of the flaws I have witnessed are when tech-driven companies seem to lack backing from experienced underwriters or seasoned real estate professionals.

@Dwane Twente so this is basically a rental arbitrage company.   

Big players like Ford, GM, and even tech companies are betting on Detroit.

you can utilize a skip tracing company to get contact information for the owners.

Quote from @Brandon Blackmon: @Bruce Woodruff 100% the answer I'm looking.... a solid GC, has a 20-25% markup to I would for sure know going into this that these are private companies and they can set their own fees. 

No I would not go with a company charging that.

Since the previous owner is getting most of the proceeds does the closing attorney issue him a 1099S and then issue my company one for a much lower amount?

The insurance company will send you copy of the tenant declaration page proving coverage, and they will notify you if the tenant ever cancels the policy or allows it to lapse.HOW TO SHARE UTILITIES 101You have a property with two or more units and the utility meters are shared.