When your hard earned capital is on the line even the most liberal of folks tend to get conservative.In a recent conversation with a prospective investor I shared a project proforma with him.

I'm out of Richburg,SC and Have been an enthusiast but not a practitioner of the art of REI.

@Art Maydan  Thats a TRUE story, He took a week off over christmas/new years and was laid off on Jan 2nd. 

It's more of an art when you approach these people who are in distress.  

Use times .40 for 60% costs if landlord pays utilities = 5,760 equals 57,600 sales price art 10 capThis is if there is not immediate deferred maintenance with the property.

I have Associate of Arts (AA) degree in accounting from RCTC and Bachelor of Business Administration Degree from Winona State University. 

@Paul KienetzWe have a 4br house a mile east of Colorado College, a private liberal arts college in Colorado Springs.

I went to a no name school for undergrad doing a liberal arts major and could not even get interviews.

I don't think "keep digging" is particularly helpful advice whether hunting for gold, oil or missing owners.What I've found is that you have to combine art and science to prioritize your efforts to be effective.As a new opportunity detective, I suggest you reorganize your efforts and eliminate any property you determine is bank owned.

It's a lot safer now and is coming up strong thanks to it's close proximity to the 'Lincoln Park Cultural Arts Historic District' which is a block east of it.