its old as the hills.. nothing special here.if you ever read hunting and fishing mag you see cheap land advertised at the back of the mag.. same thing.there are millions upon millions of these types of parcels.. throughout the west.. and of course florida etc etc.the trick is finding the buyer...

Also, I avoid negative environments, people who are only takers and time vampires, and make a point to give back. 

It's our job to aid tenants in making the right move, consciously, and to be stewards of our environment.

I suspect that this will automatically arouse suspicion that I'm fishing for listings, which couldn't be further from the truth.My initial thought was to send out yellow letter/postcards saying that I was looking for a primary residence - this was so that people wouldn't think I was just going to submit a lowball offer as an investor but that I had a vested interest in the property.  

Would you go fish without knowing what you're fishing for and what the appropriate bait would be? 

Saw these all over Vagas and always had the thought "These guys are bottom fishing" - - but that's just me.If you get business with them, more power to you :)

But all the previous months, of course you can.Here's how.Lets say the tenant paid 1k in rent and was late in january by two weeks and you charge them $50 for the late fee.Then in february, they are late again and only pay 1k again.They don't get to apply that 1k toward feb and tell you to go fish for jan late fee. 

No one is offering unicorns in this lending environment.  

I realize that's not Minnesota, but I would imagine a similar environment. 

In today's environment of record low interest rates (our mortgages range from 2.2 - 2.7%), it is rather easy to find a better use for your capital, but I remember the days of 16 - 18% interest.