Hello all,My city has roughly 400K people in the entire metro population and has one of the stronger economies in the US right now.I set up a Listsource search for absentee owners with the following criteria:* SFR* 40-100% equity* Out of state owners only* No commercial or trustee* Previous purchase price $0 - 200KI chose the zip code in the center of the city and put a radius of 25 miles on it (I realize this is far beyond a realistic farm area, but I was attempting to increase my returns) and it returned 100 hits.Through research I was hoping to find 1000 owner to break into 250 mailings spread out over a month...but 100?

I work second shift so I won't be able to come to the BP meet up at this time, but will attempt the next meet up.

Unfortunately I had to pass on this property for right now...the amount of work needed to UNDO the work the current owner has done (it is a short sale) was too much for the return on rents I would get.Specifically...the owner attempting to convert the basement into a third living area while the property is zoned as a 2-family...not a 3.On to the next challenge!

If so I would attempt to sell it quickly, take your profit and reinvest in buy and hold properties.

Although FMG has defaulted in this proceeding and its principal, Heidi Linder, has attempted to avoid responsibility for her actions by evading service (ECF 18), the Petitioning Creditors believe, based on their experience and investigation, that FMG holds title to valuable assets that could be used to satisfy their and other creditors’ claims, and that additional assets may be recoverable as avoidable fraudulent or post-petition transfers.

My father and I would greatly like to see the dying family business turn to something far more successful, however unfortunately there is a family member who has no interest whatsoever and would rather fight the dying business and attempt to turn it around (next to impossible!)

Has anyone ever attempted this?

The tenant's lease should point this out as well.For normal use, like hair clogs, toilets, gunked-up p-traps through no negligence, the landlord is responsible to maintain (at least in NYC).Also, when drains do clog, make sure the tenants do not attempt DIY solutions such as drain cleaners on their own.

I keep hearing good things about it so I'll put in a more serious attempt soon.Jacob

Browsing a good sampling of the current listings in the area/price range should help a lot with this.I'd also recommend at least attempting to do your own estimate in parallel with this.