Even though you are young and maybe don't have as much cash built up, I think your willingness to push through the fear and take action is going to be a huge advantage and I really see you becoming very successful!

I guess I'm wondering if I have any recourse on the second action given the mistake ion the first

I think any reason is a good reason... and minimal action-based plans are probably better than over-thinking it.

Without exception profitability of each transaction has been slashed because of the ramifications of Dodd-Frank and its associated Consumer Finance Protection Board.  

Also I think it's a great idea you wrote him a letter sometimes its just that easy and what do you have to lose, I think if more people would get out there and take action like you they could make things happen, ok ill get off my soap box now.

Start making offers on houses, buy your first rental, etc.Richmond also offers some great monthly meet-ups, filled with people who have taken said action.  

 (50% of gross rents will go towards expenses not including debt service: taxes, insurance, management and capex)Well done Ross, I would say this is a definitely success story because you're taking action, most never do.  

Hey guys, I am new to this website and to REI in general but I have always had a desire to get involved and I have made the decision to get started and take  massive action. Ive

I know the topic that I'm inquiring about has probably been addressed and/or beaten with a dead horse but I'm really not trying to allow my fear of the unknown to stop me from jumping in and taking action like I did 10 years ago when the passion for real estate investing took hold of my soul but I feel that there are a few things I need to set up before starting my direct mail campaign. i.e. having certain team members in place such as a closing attorney and an investor-friendly agent for valuation of deals.

I've done hundreds.Mark,Great insight shared above, thank you.Now, as an exercise, a hypothetical question that might help someone in the OP positions: if the OP (buyer) were to loan the heir (unprobated heir seller) a personal loan with a security guarantee of her interest in the unprobated estate (including the real estate) and then filed the personal loan in a UCC filing and also against the persons credit and filed a notice against the property with such claim guarantee then would that proactive action help the buyer to fight off potential other investors who maybe circling the wagon?