Start sending your sesume to all the big commercial PMCs in your area.You could also try residential PMCs, but they typically pay less.

Consequently, new homes in these locations start at $550,000.

While that is in the works I’d like to reach out and start networking with locals and get in to the wholesale game.

Or the buyer could just miss a notice that the loan has been transferred to a new loan servicing company (as they do, loan servicing companies are terrible IME), and miss some payments by accident, again negatively affecting your credit.

And, even if you could find an appraiser to do an evaluation, it's not clear how that would help you.As you state, the motel has been shut down for nearly three years, so there's no current financial data.But even if you had recent numbers, you're planning to operate it as a sober living facility, which I suspect is a very different business model.You need to find a comparable facility in or near your local market and develop your own customized financial analysis model based upon this particular property.Then, given your business objectives (cash flow and cash-on-cash return, I assume), you'll need to back into what purchase terms you'll need to achieve those objectives.Only then will you be able to determine whether these seller financing terms will work.As far as documentation to get started, a letter of intent (LOI) is commonly used but you might move straight to a purchase and sale agreement, particularly if no agent is involved.Whichever path you choose, just be certain to give yourself plenty of time to thoroughly perform your due-diligence.

Hi all, I'm getting started with mid-term rentals (~60 days) and trying to understand how the Pinellas county transient and Florida lodging taxes work. 

Might be worth just starting with Quickbooks if you plan to use it for other properties beyond your commercial property.

I'd like to start actively prospecting for land and am looking for advice on strategies from those who have done this successfully.

It's no guarantee but it's a good place to start.

But you use the calendar and the cases provided on the calendar to look up the foreclosure on the county clerk's website to start to get an understanding of who is suing, and what is owed on the property.Who is foreclosing is key to understanding foreclosures.