I really want to start marketing to owners that have code violations on vacant properties.My question, is what approach do you take?

If you like the "better tenants" and "less management" approach, a simple lease option should suffice.

So, if the investor's intent is to hold the rental property indefinitely, the depreciation approach is irrelevant because it all works out the same in the long run.

The location is optimally situated in a busy and constantly growing commuter hub and professional district.Although at present I am not a real estate investor in a traditional sense, the requirements of my operation has indirectly brought about an significant interest in it.I hope to be able to use this site as a meeting point for local investors and/or private lenders interested in discussing both short and long term opportunities.Thanks again for allowing me to introduce myself and I look forward to working on many exciting possibilities through this site.Best, Christian Crespo

I roll down my window as she approaches.

Thanks for agreeing with my approach; O.

Since Vicky implemented this approach our reconciliation of security deposits was almost never questioned and the few times we found ourselves in front of a judge it was a slam dunk on our part.

Not only are you doing a good service but you get first crack at everything before the banks get to NOD it and screw it all up.Drawings are on the table for this I have met with people working on it in various teams with different approaches.

Here's my approach always, give them the 300k, which I would have probably went lower than you and lost out if it were meant to be.

Sounds like you have the right approach.