Consult a local expert and real estate professional about the eviction process.Do the late rent notice or eviction standard process by the book.

I found a local lender who offered a pretty interesting product (at least from the standard stuff I've seen)First Time Home OwnersOnly 5% DownNO PMI3.75% InterestIncome Limits Waived for the Area we are LookingProperty we are looking at is asking $399k but we believe $350 is much more fair.

Most of the Sellers I have come across will deduct a few bucks here and there if the water heater is old or the roof has some years on it, but they were solid deals.

The listing says they accept CONV, FHA, VA loans, but because its zoned as mixed use, my understanding is highest and best use would require a commercial loan or something other than your standard residential loan.

Standard...

Each side is the same size then 50% of your expenses are deductible against rents.

That gets deducted as well.

Hi All-I am starting a direct mail campaign targeting 2-4 unit propertiesMy Criteria for my list: 50%+ equityAbsentee Owner (in state + out of state)investor activity in area (determined by cash sales over the past year)10 year population growth in the targeted zip codegenerally affordable median home price in targeted zip codeStrategy:Handwriting letters in blue ink (roughly 280 letters)colorful envelopes to draw attention with standard postage stampsGoing to make the letters brief, but show some level of context related to the specific propertyMail every 2 months, for 5-6 roundsAny Advice?

Also line up a portfolio lender (or two) in case the deal you find doesn't meet the livable standard to get conventional financing so you can take it down with a portfolio loan (more expensive, not as favorable terms).

There is a new 20% pass through deduction you may qualify for that could help you, but not everyone qualifies.