Feel free to connect if you want to discuss any aspect of the process or share updates on your projects.

I would define it as a property that has been abandoned by both the owner of record and the lien holders.

I was offered LTV of 54%, 6% rate from a commercial lending institution but that LTV isn't feasible for me and was definately a lower LTV than I expected.

If they have their own maintenance person be sure to define what maintenance they will be doing and what you will be responsible for.

I would absolutely collect that from them if they were properly notifiedCan you define what you mean by notice?

Of course there are many other aspects to the due diligence, including knowledge and inspection of the properties.

I figured I would still have to be very involved in this aspect, especially doing more than one rehab project at once. 

Define what you know to do, cause right now I am not buying that. 

If the dues are exorbitant or there isn't a clearly defined value being brought to owners, maybe pass on it, but I'd say by and large that STRA's are well worth what is usually a pretty small individual investment. 

Best advice is to keep exploring aspects of the RE investing world and decide which feels right and best for what you want to pursue.