I have found that, usually, in this case, if the tenant does not already have an eviction, you can convince all but the truly disordered to come-to-Jesus and pay the last months rent by explaining the eviction process and the consequences of an eviction.

Cold calling and sending letters to houses that were vacant or distressed (or both) and I saw this one house that stuck out like a sore thumb.

I am in a completely unrelated field (health care) but many of us have second jobs for additional income, including myself, so RE is just a third stream of income and everyone understands (or probably doesn't care).  

Quote from @John Hernandez:  If both sides consider it a “deal” then fine, that is capitalism at its best.this is the very definition of a marketplace. now - if the 'willing' seller is misinformed, disordered or ignorant, and/or the 'able' buyer is misleading, fraudulent or abusive... then the definition is on a slippery slope.these are matters for the conscience, and pure pointers of character. !

(This goes a long way in saving you major headaches - IE: Friends entering and exiting the apartment at all times, drinking on the premises, disorderly behaviors of the horror story kind, etc.- NO parties on building premises after 8PM on weekdays and NO parties/noise on premises after 10PM on weekends.This list goes on… but you get the point. 

I too love apartment buildings, but again I've not seen a deal in TO in some time ... the ones which have initially appeared to be good deals were hold-overs from rent control and sorely in need of serious rehabilitation.

Those are probably the hottest areas in the country, not just DFW.Property management is always a sore point with most investors. 

People saw the cabins as an eye sore and they were!

If you want to turn things around flip/buy and holds in Detroit look for good neighborhoods with eye-sores.

People saw the cabins as an eye sore and they were!