There are literally hundreds of these, probably thousands in Cook.

Ok, so how can a distressed seller (one that needs to sell now) pay for the title policy (to make sure no liens, etc) when most title policies can cost hundreds of dollars.

Lol.. thanks againlets look at this logically.. your a new or beginning landlord your going to be in this business ( it is a business its not passive) long term so you invest 100k into a property.. you have put up your cash you have signed on a loan .and now instead of paying a few hundred a year to make sure your tenant is not abusing your house.. you do nothing and then hope for the best.. but if you pay 200 to 300 a year for inspections etc.. that goofs up your return its just went from 8% to 7% and of course if you thought you were only going to get 7% you would not take on real estate rentals and the risk associated to your capital and credit.. now again this makes the assumption of life long renters in rental dominated areas and basically C class tenants.. you move up in the asset class's or your tenants are in a part of the world were they are kinder on homes and they are not lifers.. thing get less risky. 

But if this is your dream home, maybe it is worth losing a couple hundred a month to keep it?

Maybe the iBuyers and hedge funds can figure out how to make money buying hundreds or thousands of properties at a time.

Do you have hundreds of thousands of dollars to put towards this goal?

Find some doctors, lawyers, small business owners, or dear old Aunt Tilly who have a couple hundred thousand parked in CDs, money markets, or savings accounts earning diddly squat in interest. 

I know that the success rate is very low, even when sending out hundreds of letter.I was curious if any other BP members have had similar experiences trying to find and acquire multifamily units in difficult areas?

The stainless steel package is usually only a couple of hundred dollars more and if the appliances last me even 5 years I confident I’ve made a good return in investment by renting quick.

In that time, I have worked on hundreds of deals in Houston and surrounding secondary/tertiary markets: valuations, proposals for listings, market research, offering memorandums, property tours, etc.