6700 notes...odds are fortress will get them and just take them to market as REOs or as "fixed loans".   

The only way to increase the odds of that are to mail more frequently (I was mailing about every 3-4 months to the same address)I'm thinking of increasing that to every 6 weeks.And... reading this thread...

They had strong, angular lines, lots of large sometimes odd shaped windows, very futuristic for their times.

Sounds like he is trying to sell for an inflated "bank equity" based value as apposed to its true intrinsic value.

Find the dominant wholesaler in your market.Offer to share your leads with him or her.The questions you are asking are so basic, that your odds of monetizing them are pretty low.  

There are so many things working against you when you're not on site that the odds of a successful deal are slim.Bad realtor, great photographer, newbie flipper, drug dealer 2 houses down the block and countless other things can happen.

I've never used Real Acquisitions but I agree that's odd.

In the long term, quality matters more than quantity too IMO ... even if you have great cash flow on paper but the property value and rents are going down over time when inflation adjusted, then it will likely be difficult to collect that cash flow in those type markets in the short term while you are losing purchasing power over the long haul ... that business model is more like leasing a used car than it is REI in my opinion, which is not to say that you can't make money but it is a vastly different and less passive business model. 

2-3% cap rate means the prices are over inflated and WHEN the market turns it will be the first place to get hit hard.at 2-3% this this probably running a negative cash-flow.

Odds of winning the lotto?