It seems there would be other avenues or methods I'm missing.Next, since vacant land seems to take a long time to sell, how long between price reductions is suggested?  

Hi @Shantaviae Wynn,We typically aren't aware of our client's method of financing, but if there's something specific you'd need from our firm to satisfy the bank then we're happy to supply that to you provided you let us know what those requirements are. 

I definitely want to go the BRRRR (buy, rehab, rent, refinance, repeat) route.I'm trying to focus on REO, HUD, foreclosures, preforeclosures, and bankruptcy properties that I can effectively use the BRRR method on.

The first method is often preferred because it is simple, it is clean and easy to explain should you get audited, etc. 

One trick I used was when i was moving into an area, scout existing PMs to see what advertising / screening methods they were using for their tenants .    

We advertised a house last month and got about 15-20 leads for a house in Hudson in a few days with that method--even before I could get pictures up on the ad. 

@Jay Helms For my company and our buy and holds we built a management company so the hardest part was building the systems and adapting as we grew from 50 - 500 units.  

Do you know of Martin Armstrong and his method of predicting Business Cycles?

I have been doing the BRRRR method for 9 years now and what I have found was I had the most success with local banks and credit unions.  

Now here is where I need the experience and advice from seasoned investors that employ this method of advertising.1) Once I receive a call from an owner that may be interested, they might say something such as: I got your letter, I want to sell my property as is for cash and a quick close like you advertise.