Can anyone share advice on managing properties in a not so nice neighborhood?

If you are doing the work yourself and Do not have Contractors Liability coverage there could be a problem of an uncovered loss (ie. fire starts due to the painting). 

I’ve had a offer accepted on a house and upon inspection it was uncovered that there is structural damage, termites and the floors aren’t level.

Happy to provide an initial coaching call to help you uncover your purpose, goals and the strategies to get there in the most efficient way possible.  

There's a large community of folks who do it, and although the argument can be made that a management company might increase your revenue 20%, when they take 35% of your gross revenue it still doesn't pencil out so nicely....

We actually carry an immersion water heater with us in our travels, like students at a hostel, AND have had to use it multiple times to boil water for coffee, tea, and ramen soup in some places, some of which looked oh so nice in their listings.Luxury hotels INVARIABLY overpromise and underdeliver.

I have always been going about it the same way for a while and curious if anyone has tested different approaches and noticed better conversion rates from one approach to another.To be more specific on a cold call for example:Option 1: you immediately bring up that you have noticed the property is in a foreclosure status at the start of the call and/or make it known you are aware of their situationOption 2: you start off as a buyer looking to buy homes in their area/making cash offers and let them uncover their own pain points through purposeful questions to lead them to uncovering their motivation/situation.I have always done option 2 and it works well but I sometimes wonder if I could have a better conversion rate with a different approach.

@Gloria C. please keep us posted on what you uncover...

@Gloria Wahlroos Hey, so nice to see you!

There are some nice pockets in not so nice areas and vice versa.