That (and insurance issues) are two big risks.

I am having the exact same issue right now.

We typically have a specific criteria of contingencies we are putting into place within the purchase and sales agreement to help protect our investor clients from many of the issues that arise when inherenting tenants.

This will avoid the asset having to go through probate and any 3rd party (family) related issues.3. 

Find a lawyer and issue a lease violation for other issues such as excessive noise and furniture removal.

From personal experience, there are multiple issues that can pop up and it is nice to be local to deal with them.

Usually b/c if the deal is so amazing, the money is rarely the issue, and b/c those people that do have the money thus get to cherry pick for the 1 in 10 or 1 in 15 that is the MOST amazing of "amazing deals." 

I believe that you don't get returns (failed to deliver) with bulk mailers so you don't know which addresses are bad.That's the simple stuff.My advice is to do various mailings that you or some prepares locally, that go out immediately, using 1st class postage.

It's also rare you buy these properties with 20-25% and have NOTHING you need to address almost immediately in terms of repairs or capex. 

We have two main issues that I will outline below: HeatingTwo heating systems in the home.