Although the most rewarding part of the experience is helping the residents who come through our doors, it is also a lucrative alternative to a rooming house or a regular rental.

Inspect regularly.  

Here's a link to their last meetup: http://www.meetup.com/network20/events/170248512/Also, BP has a regular monthly meetup in NYC that @Darren Sager could tell you about.

ALWAYS perform your own due diligence and check up on your projects regularly.

I wonder if it should just be sent via regular mail and not certified, therefore no signature required?

But if you start seeing foreclosures increase dramatically, home affordability increasing dramatically, prices dropping, tons of days on market, investors getting out or foreclosed out of the industry, high cash ROI’s, people talking about the end of the world and RE as we know it, it might be time to start buying on a regular basis through the “alleged” bottom..?

Would anyone who does this as a course of their regular business take a looksee at this and provide feedback?

The rates will be higher than regular loans, too.They're also more common for large commercial deals.  

Search your local area as well for network groups to regularly attend.

The seller has hired  a lawyer to evict the tenant and promised to keep me posted.I of course don't take that promise seriously and plan on following up regularly.