Direct advertising via the internet, forums like this etc. is not likely to be effective.

If so, what marketing method and targeted group (porbate, absentee owners or pre foreclosures)do you feel has been the most effective for finding motivated sellers?

But I see no reason why an effective system can't (or shouldn't) be employed in multiple markets, provided you can find effective managers to assist you.

Also, what could be some negative consequences of this type of mortgage in terms of their effect on my ability to acquire additional properties in the near future?

If the yard looks like junk, send a notice to clean it up or you'll clean it up.

Many things will effect the terms and us three are generalizing what those terms might look like.

It is very cost effective, and took me maybe 2 weeks to file everything and be officially incorporated.

This house literally just needs interior paint, appliances and floor cleaning.

They said that if I changed it to one that covers a rental property, a part of the process is to inform the lender that the policy has changed and that it could affect my loan.Two questions:Will renting out this second home effect the loan?

There was a notice on the garage door and the front door stating something to the effect of "this house has been deemed to be empty and reported."