That should even work for owner-occupants, especially if they're in distress - underwater, pre-foreclosure, etc..You should be getting at least a 0.1% response (8 respondents).

Instead, what I believe is more important is to spend time understanding what the people on that list need and want better then your competitors.Even if you are targeting absentee owners, you can focus on in on particular subsets, like folks who were underwater and just have equity again - your pitch to them should be different then to absentee owners who own their properties free and clear.

Last year, I decided it would be better to rent out my house that I bought in 2004 since it was still under water.

plus you took some major risks. quiting a job draining a 401k.. but it was also good timing if you knew it or not.. you could have done the same thing and bought in 07 and 08 and you would probably be way underwater... like I was  LOL

So the potential is there...but if I am underwater every month and stressed idk if that's worth it. 

Seller is in desperate, underwater on their house, facing the prospect of foreclosure, and wants to pretend that they are getting something in "getting out" of the situation.

Make sure it outlines what will/and wont be covered under "Water Damage".

They claim that the NARS Equity Holding Trust works even if the property is under water.

So far I have made many offers to free & clear owners and no one has accepted.As per the underwater house, I have a thread with a similar question open.

You can't answer calls from tenants, agents, contractors, etc if your job is an underwater welder.