We lose a ton of money if we are not careful.  

There are 12 years left on the base lease and 10 year options that take the tenant out to well past 2047.The lease is Triple Net and the tenant does everything even takes care of all the maintenance. 

If you don't care about cash flow, San Diego is great!

I plan on utilizing direct mail as a primary means to uncovering deals and have a few questions for anyone who cares to answer:1.)

I appreciate your story and the time period given as it gives me a good idea what I am dealing with, and that in some ways, I have more of an advantage than you did. 

If you're trying to go lead free (and you'll want to since Baltimore has some extensive lead paint laws) then be careful of seemingly cheap properties.

Most of the deals I do are with truly motivated sellers who can't wait that long or for some other reason don't want to sell through the traditional route and are willing to trade equity to avoid it.That said, be careful in analyzing your deals, and don't get caught up in the hype and pay more than you should because you baked appreciation into the numbers.

One is to rent them month to month until it expires....sell them to someone who doesn't care if they get title insurance.  

I received a letter from my insurance company today stating that they had to cancel my policy due to water damage to the ceiling of one of my units.I only purchased the property a few months ago and I had an inspection done that did not show anything like this nor have I heard anything from the contractor that my property management company had go in to the property to take a look.None the less this is obviously something I am going to have to take care of.

Be careful with those 0% deals.