BB is way ahead of most cities with the city ordinance so as long as you play by their rules and collect the taxes there are no surprises such as the case with PSOur prices have risen in the last 3 years so great deals are more difficult to find.

I’m getting ahead of myself ..

There are some hybrid management models you can use but you want to vet that out ahead of time.Other than that you need to consider professional photography, setting up your booking platforms, writing copy for your listings, local permits, landscaping, hot tub/pool, garbage, water, sewer, electricity, cable, internet, snow removal, etc. etc. 

You can make one written offer and go from there, but the the main things is to make a firm offer and make them give you a response if possible.As for as putting it on a contract a head of time, my thoughts is unless it’s a simple contract it could cause them to blank out.

Don't rush through this, as it will reveal a great deal about a company/person, if you allow enough time.

That is a brilliant question.That totally depends.I have a ranking website, and thus we get ALL sorts of leads.... however the "OMG I HATE my smelly agent" is BY FAR the most common lead we have.So of course there is a difference between a lead that is in no rush to sell, vs. a lead that needs to sell their house yesterday!

So, I'm going to go ahead and assume I can't just jump right in and start buying when I'm barely going to be able to afford 1-2 steeply discounted notes.Something I have seen mentioned but can't find much information on, is the idea of wholesaling or bird dogging notes same as you would hard real estate. 

I dont see a lot of downside risk ahead with this property.

And if you keep your pulse on the area, you can see trending areas and get a head of the curve.

Go in clear and knowing, don't rush.