It would be nice to offer a little gift of some sort.

What sort of REI are you planning on doing?

My guess is they have already received a load of "yellow letters," and I'm wondering what the right approach might be to get any sort of negotiation under way.

Now I have to find either an out of state deal or something else to invest in.I kind of think that if you are not seeing at least 8% return on cash, then you should look elsewhere.What other sort of investments do you all have besides RE?

In use in all sorts of climates.

You will have to fill out a credit application of some sort and information about the property.

I have generally ignored these 50% rule of thumb posts of late because they turn into holy wars with commentators that have generally never operated buildings or done any sort of detailed financial analysis.

Once you've started defining the answers to some of these questions, and have some sort of criteria, the rest becomes much easier because you know what you're looking for when you see it.The good news is that the answers to these questions can be defined by logically answering some questions and relating those to your investment goals, strategy and criteria.

The tax deed sale sorted out the whole process.

So you can make all sorts of requirements for the tenant but you are ultimately competing with the market.