You can get more detailed, telling about rehab costs, carrying costs, sales costs, etc and I would.Otherwise, @Mark F. has great suggestions building the rapport and getting to the pain points and their bottom line.  

Keep that in mind.My most recent seller-carries were at 6%, long-term.  

That means you will have to be able to carry two and sometimes 3 deals at once.

Plus I would not be able to carry the mortgage by myself until the several months of renovations are completed.  

You'll also need money to carry yourself through non-peak seasons when rent is not being collected and you've got utilities that are still running. 

I currently have my accounts with a big bank, mostly because they carry my personal mortgage. 

We require her to carry the insurance and the insurance company has our LLC listed as lean holder so they will notify you if they don't pay, cancel or change coverage.We have next to nothing in the property and so the cash flow is nice.I would recommend this niche of the real estate market because the price of admissionis so low.

From what I understand, even if just a small part of the land is in a flood zone then one must carry flood insurance no matter where you put the house on the property, is that true, it was told to me by a realtor?

In Florida, any rental under 7 months of rental by the same person is technically a hotel, which carries zoning and tax implications.  

Originally posted by @Carrie Anderson:Hi @Julie Sauter, welcome to BP!