Right now there is a heard mentality going on So be sure to take with a grain of salt any recommendations on markets where the individual recommending them is also selling them that is not IMO unbiased advice or opinons.

it costs $2500 per month for health insurance for me and my wife. 

Puts you at more risk with county health departmen.

We all find ourselves falling into mental traps that can lead to RE disaster, this book is a must read.Also, Great By Choice.Finally, HOLD: How to FIND, BUY, and manage RE.

At that point the only thing I will have to worry about getting in my way are my health and the government.

BTW, the lien is own by the Dept of Health for some time the seller spent in assisted living.

Listen, learn and take mental notes.

Rents will be current and be prorated as of the date title transfers.FINANCING: This purchase is subject to the Buyer and Buyers’ Partner ability to secure the necessary financing.DEFECTS:Seller warrants subject property to be free from hazardous substances and from violation of any zoning, environmental, building, health or other governmental codes or ordinances.

I wanted to jump on here and get some advice.Deal 1:SFH 2/1, 800 sq ft. asking 38kapprox 20k in repairs needed (Would confirm during escrow)FMV (based on recent comps) = 79k-87kGreat rental neighborhood.Deal 2:Duplex 2/1 + 1/1, 1500 sq ft.asking 62kApprox 13k repairs (would confirm with contractors during escrow)FMV (based on recent comps) = 110,000Great rental neighborhood.The Duplex seems tighter, but, his words, he would entertain ANY offer right now, he's just beyond his ability to deal with these properties (mentally and physically).I would roll the profits of these as down payments on his portfolio which is currently 100% occupied aside from these two.ISSUE:1. 

Get them to make an emotional investment by identifying with stories in your letters.I would rather create my list and drill down to a small handful of people who have a "perfect storm" of problems: foreclosure, marital problems, adult children problems, big health issues, financial pressure, code enforcement citations; as many as you can find at one time.