For the past month I have "driven for dollars" one day out of the week and have had some success finding abandoned properties and their owners.

I first have to acquire another 1000sqft to meet a minimum 14k lot size requirement at $8500 to move the lot line not counting what the neighbor is going to charge me for the 1000sqft we need. on the one in Lake Oswego I had to abandon the lot split.. by the time the city was done conditioning us would have been close to 200k to split one lot that is only worth 250 to 300k. and now that we are slowed a little higher end lots are not moving as well or for premium pricing.. so I am going to build one house.. but put the house on the lot such as if someone wants to split the lot down the road the existing house is in the set backs.. 

Driving for dollars can be beneficial if you "happen" to be in a neighborhood and see a property that looks to be abandoned or vacant.

You will have all the information necessary to find deals, buyers, and even the money to put it all together.Deals:  why would someone either abandon a property or let it get into a distressed situation?

You can't have it both ways.And if you are dead broke and can't maintain your home - eventually you may simply stop paying lot rent and abandon your now-trashed "home" - leaving it for the park owner to fix up and attempt to sell to the next person who also cannot afford to maintain it.With multifamily the caps are lower but as the owner as long as I maintain my property and make the necessary cap-x investments when needed (roofs, fencing, interior upgrades, siding, etc.) the property's life is indefinite.In any case - somebody please tell me where I'm wrong.

I will also be sending yellow letters to three abandoned properties that I've found in my neighborhood.I'm on the move and looking for great people local and at a distance to work with!

Be sure to follow the Abandon Property Regs!!

When the lake started to recede and the salt water level intensified until it killed off all the sea life and slowly ate away at paint, metal, wood or anything else in its way, the Great Salten Sea became an abandoned ghost town and refuge for motorcycle gangs, drug runners, illegal's and just about any/all undesirables that could survive there. 

Areas with abandoned homes, under-maintenanced homes, or aging populations might be prime for deals.I personally don't like the messaging on most bandit signs.  

Do it wrong, and you could be left with such a bad taste in your mouth that you abandon any hope of a second REI venture.