Certainly a lot of competition, however with awesome service to guests as to owners. 

One reason that the property was listed within our price range at all was due to the fact that the previous owners performed limited deferred maintenance on the property and were eager to unload the property due to a dissolving partnership.

My business partner found it, and we negotiated the deal with the owner of the property, who was about to lose it since the city had condemned it.

@Gabriel Mesa Fairly straightforward in the suburbs.In the City of Detroit you can NOT use zip codes, you can use Neighborhoods if you know what you are doing, but you need a trusted local to check out block-by-block to finalize decisions.Since there's a lot of rentals in the City, you also need to decide BEFORE you start a rehab, if you are targeting selling to a landlord or an owner-occupant buyer.- You tenant-proof a rental, but need higher finishes on an owner-occupant.

It had been mentioned that the owner is a little rough around the edges.

@Sean HaranI agree with the previous comments on trying to find a house hack or something within a 2 hour driving distance.I did  a local renovation where I was on site at least once a week, did multiple walk throughs will plumber, electrician and the contractor. 

The hardest are when it's a one-lane driveway for a multi because then the tenants have to work together.I think you specifically have learned how to work out some kinks from house hacking and being on-site first before you were off-site.

Most listing agents for REOs will probably not take certain kinds of POF letters very seriously and you might be better off approaching owners of real estate instead.

This discrepancy was not previously recognized by myself or the mortgage lender until I received correspondence from my lender indicating that the insurance policy holder's name must match the property owner, in this case, my Ilc.

As an investor who specializes in finding owners/heirs to highly distressed properties, I understand more than most the importance of quality data when it comes to getting more deals.