"Junk Mail" or as I like to call it "Belly Touches" When we get out mail we grab it with boths hands and use our bellies to hold it as we sort through it...

I would research private hard money lender's if I were you they're a great source for low priced inventory, they are more motivated than others to move inventory.

I would also assume we should set up some sort of LLP or LLC?

Keep it simple.Never understood why someone has to go to a week long seminar to learn all sorts of investment strategies.

I firmly believe in having some sort of buffer between you and your tenants.

The 2% rule would tell you it would need to be priced at $240,000 to make money.Making one unit accessible might not be that much extra, unless you're talking elevators or that sort of thing.No numbers were attached.

That's tougher to sort out.

As sellers do not advertise their motivation offers is a sure thing to find out.The trick is to make lots of offers and low offers in the current climate in most of the country.Find somebody that is willing to submit offers and make it worth his time by also listing with him.

There has to be some sort of resource on the web that has been tracking this.

Sort of... bird-dogging is the idea of you finding quality investments and notifying investors about them.