So essentially we are giving them twice as much notice as required by law.

My mother is a loan officer so I might be slightly off but I have heard you may be able to do a second loan within an FHA, essentially a construction loan to help fix up the property.

@Tomasz Banas so you had a chance to build a relationship with the president of a bank and you told him to go to hell essentially?

Essentially, one information I know is, the house was sold last year in 2016 for about $100k.

You'll be able to learn how to use the MLS, about your market, how to build rapport with buyers and sellers, etc, which is essential and will give you a competitive advantage as a real estate investor.

But, based on blog posts and info products from Seth Williams, there's another piece: He said most states have a "supporting documentation" form (the name is not consistent) that tells the city or town the property is associated with that the transaction has occurred, and it essentially allows them to adjust who the tax bill will go to.

If they are not motivated at all you can remove them from your marketing list essentially eliminating 6 more failed mailings. 3. close a deal on the spot. 4. learn their situation and build a rapport for a future deal or suggest a different product/option.  

I'm thinking at $500k it better be across the street in the historic district but 5 points isn't going to fetch that price.

I'm in the Mission district..... 

If you choose to use one, disclosed dual-agency would take effect and without going into it in depth here, essentially YOUR best interests still would not be represented.