The other option is a water supply line, but that would typically resulting a steady leak and the damage would occur faster.Really think about what is above that space that could cause the issue.

I do think its more effective because you get to see whats out there. 

Its much more cost effective to outsource things like skiptracing and direct mail.

With inventory tightening and competition increasing, what strategies have been most effective for sourcing truly undervalued properties?

Strong jobs reports had a larger effect on the 10 year treasury, followed by strong retail sales numbers, followed by EU inflation numbers, then followed by election results but honestly election results only affected rates for a couple of days.Lots of pressure on treasuries from the level of debt the US is carrying, but remember the Fed is also still doing quantitative tightening (while cutting rates) which is additional upward pressure on rates.

Many people start out active because they want exposure to real estate and don't know that you can start out passive - you can effectively hire the asset manager and supply capital to the investment.You can have great success as an active or a passive investor - but it is important to understand the difference and to select whichever option matches your skills and resources the best.Good luck!

Long term I think you end up losing your shirt here, so if you can get out without too much damage I'd take my lumps and move on.

The 1st position heloc has nothing to worry about because it will still be attached to the property after the 2nd position heloc forecloses....death of the borrower has no effect on it.Likely not time to make a deal with the “owners” since that would likely involve probate, and time.  

I finally told her to forget it and relieved her from the 3k she owed me in damages and late rent.

. :) To answer your question about legitimacy - how do they get to $125k in damages?