I am only 4 hours away; but not having the ability to just drive by them is killing me lol.Thank you guys!

write, and/or tell them verbally, that along w/ the above mentioned that you expect to be fully paid or you will seek an eviction/judgment which can damage future ability to rent/own & that if a a future landlord contacts you for a reference, you will have to be truthful of your payment past.you could also try cash for keys to minimize your loss.just some optons FWIW.

But the Act introduced material changes to the state foreclosure laws which may impact an individual note holder's ability to proceed with foreclosure on a defaulted note.

if not, tell them that if you receive a call, you will have to be truthful about how the place was treated & how they handed the deposit. also tell them you tell LL you will be following up with the LL after departure of tenants.finally, tell them if they apply last month's as rent you will seek a judgement which can affect their future ability to rent & own.just some thoughts/ideas.

The ability to raise equity2.

Jonathan look up the taxes and divide by 12 to get monthly tax costs.Look for the HOA docs to see if there is an assessment and how much.Usually if you find a listing on MLS in that subdivision there will be some houses and it will list association dues monthly or yearly.For instance if taxes are 1,000 and HOA 1,500 then you have about 208.33 a month in costs.If you buy for 4,000 and hold for 2 years you have to get at least 9,000 in 2 years time to break even and even more with closing costs etc.That money will be dead not generating a return for you.You also need to know the soil sample and build ability of the lot.This will be a factor from who buys from you if they want to build a house.On the MLS you can see what developed lots are selling for.Is this lot developed and cleared with pipes sticking out of the ground or does it still have all the trees and uncleared and ungraded in it's natural state??

And some sellers will put in deed restrictions that limit your ability to re-sell the house for some period of time.Better to get out there and beat the bush for private sellers.

I'm in it for the long term income and equity growth.

Call your local planning department and find out their approval process for your particular parcel to split and allow for a 2nd homesite location.The main value in any piece of land is the ability to create a homesite.

I'd recommend considering your first real estate investment somewhere a little closer to home, and perhaps in an area that is demonstrating growth vs. decades of population loss.You can certainly find plenty of properties there for little money, but the question is whether those properties are cheap for a reason.