I have analyzed multiple deals, looked at what comps sold for in the area and what current rents are in the market.  

We've had to do this multiple times over the last few years.Also: "What is the best, least expensive..."

If you want to be passive, you could easily spread that over 6-8 syndicated deals in multiple strong markets. 

@Jay Garrison hey Jay, feel free to PM me I have multiple people I can recommend in your area once we get a bit more specific.Cheers

I *DO NOT* have any experience with discussing distressed properties, so maybe take my 2 cents with multiple grains of salt...I DO, however, have experience with cold calling and door knocking for insurance sales, and I am a 10 year veteran 911 operator who has experience with communicating delicately!

There could be multiple reasons why the property has been sitting so long.

Bigger investors scale up to multiple deals a month and therefore use massive amounts of leads, so they need to change strategy.

However, there are multiple variables in my criteria of course rates being a Primary Criteria along with several others that I discreetly calculate in Ascending order.The strength of my exit strategy is a key variable in determining whether I believe the Rate aligns with it as well.

Aside from multiple ongoing code violations, neighbor complaints and damages, they moved in extra people/pets, tried to scam the utilities, stopped paying rent and ultimately had to be evicted. 

We normally give them a name based on it's looks/vibe, but if nothing is really unique-- we do street names, and then if we own multiple on a street-- we call it by the tenants name.