Andrew,The coverage for Vacant properties has improved over the past few years and the coverages available may not be a big drop off from standard coverage.  

Both of my triplexes were under 200k (which closed in the same month and were our first investment properties), have a 10%+ CapRate and currently have a Cash on Cash ROI of between 12% to 14%, expected to rise after more capital improvements. 

I am a long term buy and hold investor and concentrate my energy on keeping my properties fully occupied with market rents. 

For me, in my market, I'd take my $30k and go buy a $15k SFR, then use the rest for immediate improvements to tenant proof the home and unexpected expenses.

Dan Roma pm me I’d love to walk you through some opportunity for improvement areas

I found out they've been there 11 years and have done all the interior improvements which I'm guessing is not uncommon.

For example, I purchased a list from List Source a few months back and at least 30% of the mailers were returned.I'm sure someone has a way around this or a way to improve their rate of returned mail but I don't want to spend the money to figure out how to optimize someone else's list. 

For example, I purchased a list from List Source a few months back and at least 30% of the mailers were returned.I'm sure someone has a way around this or a way to improve their rate of returned mail but I don't want to spend the money to figure out how to optimize someone else's list.

I have this question here as I am trying to figure out how to go about this top:What are the 3 most efficient ways to collect rent? 

I'm looking at buying with cash from a personal lender then making a few improvements (running electric, water, building, pads, etc.) then approaching the bank for a construction loan and mortgage on the land and home.