And it's important to NOT just do what everyone else is doing (the "we buy houses fast cash as-is quick close" stuff).What I do is very, very simple:  I know my audience, and how I want them to perceive me (in marketing we'd call this "positioning"). 

I don't know your state's laws but here in Georgia, for an abandoned vehicle there's stuff you file with the magistrate court and can acquire ownership.

They will need to move all their stuff out because you will be doing a complete remodel.

I have a rehab budget of $5k as the property itself is in pretty good shape, needing mostly cosmetic stuff (to the best of my knowledge). 

@Noah ChappellThis is good stuff!

We as Americans just can't seem to keep external things like depressions, wars, credit crises, elections, stock fraud, pandemics and all the stuff of life from interfering with a good real estate market. 

I've got the licensing stuff to do mortgages any which way I want.

They could go after you for damages--having to move because of the roach infested home, all of their moving costs, they having to fumigate their stuff, because otherwise they likely took some with them, their rashes and allergies, and so on. 

How did you arrive at this listing price?""

I usually bump up my replacement reserves on older properties to account for stuff that is going to break.