He immediately initiated foreclosure proceedings.  

Seller agreed in principal had his attorney review the P&S (same on @Justin Silverio  uses) and told him not to sign it.  2 objections the low initial deposit.. that's no big deal.  

On my most recent purchase (1.2M at 25% down for a 3-family) I'm taking in gross rents of $8600/mo (which is below market rate due to signing initial leases mid-winter) but still have a monthly net profit (after all expenses including capital reserves) of roughly $2k, so an 8% return. 

It seems like a bot that will respond to the initial email within 24 hours after emailing them back.

His initial asking price is $325k, equating to a cap rate of 17.85% [($84060*.69)/$325k].  

Hi Sean, Having observed a number of successful people I would suggest that you make two initial investments.

p=6876Acquiring assets before full foreclosure has been initiated is the focus of many wholesalers and flippers.

Congrats on showing the interest and initiative to post an intro on this site.

I do the initial property inspections and send details about the repairs, comps, and lots of photos.

HOWEVER, the tenant needs to initiate it.