As for the target market, we are focusing on Brownstone buildings in New York City.

This is going to be very market dependent, and property dependent. 

Each of those should know each other in a market as well.One thing to be aware as an out of state investor is that there are unfortunately people out there to take advantage.

Definitely call up some operators in your area to get a better sense of the market. 

It also does NOT pay more than market rent.

Yes, I am aware that the current rate is way under market.

This, also, is not a public document.c) Once thats up a notice of  sale is sent which outlines the up coming auction and must be filed with the recorders office for the foreclosure to be legal.Another document which isnt mentioned a lot but is critical if you want to be in front of the competition who focus there marketing on motivated sellers from c onwards is the appointment of substitute trustee.

I'm not sure why you'd target mobile home parks that's one of the hardest to entitle. if you want a scalable strategy for 10+ years stick to residential horizontal, apartment, etc that is more common for your market. 

If you know anyone who works in those markets that would be great. 

They may want you to put some kind of disclosure in the offer about buying under market value for the intent of making massive profits or something like that.You'll also want to know what kind of split your broker expects from you if any.