Also we want to fill in those vacant units to decrease the vacancies and stabilize the property to increase our NOI dramatically.

This is an old house, so I don't want the property tax to jump dramatically where the percentage is being taken into account as today's market rate, when I own 50% of the house already.

The situation is as follow: (This is a three family home)1) Seller has defaulted on his payments.2) Seller's credit has dropped dramatically.3) Seller wants out the house and is motivated to sell at a very low price he wants to pay the difference of what's owed to the bank 200k.4) The property need serious rehabbing (Electrical, and maybe plumbing).I really want to take a shot at this, but need a way to carry out/ structure this deal.

When you pay off the HELOC with the loan,  you should see a dramatic increase in your score.  

Cutting the water and sewer bill will increase your cash flow dramatically 

They are still very effective if done correctly.1) Make sure you have a quality list - VERY important2) Send out creative postcards that get their attention3) Send people to a personalized landing page that talks specifically about their house (or at least mentions their name and address on it)These techniques can dramatically improve your response rates.

In general watch this town, there are some exciting new projects coming to town that will dramatically change this region.

As we all know, property values in California have dropped dramatically (note Jakes price) and appraisers were going crazy at that time just to lend more money.

I’ve come across the topic of people purchasing 30k-40k SFH’s that rent for roughly around 1200 a month, and my current SFH only rents for 1300, so I can see the dramatic difference in ROI and CF.

Each of these variables will dramatically change the advice I give the individual asking me this question.