This is quite an appealing property type for investors because it has so many possibilities.What other trends do you see coming onto the forefront or growing in popularity?

Thank you for your input Jonathan.I have asked and he says there is nothing, so I figure I would educate myself and find something I could do that would help generate some leads.I have no experience with marketing, so starting with Craigslist has been my only choice for now.I would like to show him that I am serious but I don't want to annoy him.Thank You

I know that this will not be the popular answer, but I have purchased 100+ HUDs and have never purchased title insurance.

That's owners choice and timeframe.

@Adam Demchik I would think the choice of custodian will depend on what you actually want to do with the funds.

That way if one goes bad, you have the choice to default the other one.

You can always have them sign something stating that you have advised them to do this and it is their choice, that would show that you were not trying to coerce them into a bad deal.Regarding step 5, I would never have the buyer sign the contract first.

(A pretty popular way to do it here on BP)While getting your feet wet in addition to educating yourself and building a network here on BP (Which is a great start!)

The vacancy could be high for many reasons, such as: 1) High rent/deposit or screening criteria 2) Poorly advertised to potential business owners 3) No popular stores or business types that might attract regular customers e.g. chinese eatery, nail spa, pizza place, pawn shop, liquor store

It would have been cheaper to buy him a bus ticket to the town of his choice, give him some cash for his vacation and bid him farewell....although from the sounds of it, this guy would have preferred to continue on right where he was...there is often no way to reason with mental illness, drugs or just plain stupidity.