Lastly don't base the "party situation" off the old PM.

ALL Foreclosure MUST be posted in the county legal newspaper for a certain number of days based on the State. 

Thinking $150-300k properties based on what I've seen so far. 

@Karthik Jayaraman Based on your math, it looks like you're losing $915 each month, which can be a significant amount for many.

The question is, how do people find these connections if it’s an area outside of their original home base?

A DSCR loan (Debt Service Coverage Ratio) type loan would look at the rental income and expenses and determine the amount it could lend based on that.

We are based in NY, but we do have clients throughout the country.

I thought I was going to own a few dozen single family properties before moving on to multi but after 3 I bought a 14 unit and have never looked back going bigger and bigger on every deal. if im not mistaken everything is already baked into that 775k except closing costs. and construction should take 6months tops. land is included (1acre) but if i had my own land builder said they'd take 65k off the price so 710k. yeah im just thinking whats best way to move forward. my first deal doesnt need to be perfect just want to build a nice base to build from

We are based in NY, but we do have clients throughout the country.

Best to consult your CPA for the most relevant advice based on your state's regulations and tax implications.