If they don't know where they are going, no matter what else you talk about, you aren't buying that house unless you can solve the problem of where they are going.The most colossal mistake in all off-market acquisition is that people use the same dumb scripts for all sellers and they almost always talk about a cash offer.

If no one tells them about balance sheet, then real estate investors aren't going to focus on them.My clients are always looking at the balance sheets after I taught them the importance of it.There are a lot of times not just real estate investors, just regular business owners, they look at the P&L and say great, I made $100K this year, but my bank is showing $10K, where is the rest of the money.

@Brent Hindman If you aren't looking to grow the rental portfolio quickly or build it to be large, then I'd probably just get a HELOC on it and keep it as a rental.

I agree—most of these individuals aren’t paying taxes and aren’t typically aiming to own the property.

Meanwhile the property was deteriorating and tenants complained and got Dallas County Housing Authority involved.  

No offense, but I hate the idea.You can send someone a bill all you want, but they aren't going to pay it, which means that all you are going to end up doing is turning off their account. 

This allows someone other than me (an authorized business representative) to do business on my behalf rather than limiting everything to myself. 

Plus, if they're THAT good, why aren't they raking in the big bucks from doing the business on their own?

Mahalo Nui Loa, Kwok They aren't running the comps correctly if you can't find a single comp to fit that metric for single-family homes in Indianapolis.

You could ask that they put a year or so of savings into a separate account on which you have view access or receive a monthly statement so you can see they have the ability to pay future rent.They aren't going to last without other income or savings with income at 1.25x rent.