My process for this was to first determine that there was not a surviving spouse and then to see if the deceased had owned any property through the county's tax assessors site.To those who have done this type of marketing before, my questions is this: is it more effective to send letters to the deceased's address (addressed generically to "Owner", not a specific name) and hope it gets forwarded to the heirs or should I research who the children are and send letters to them?

This would effectively make you the property manager and give you the option to purchase the property at some point down the road.

The payment was not real large so from a worker's comp liability perspective, we are effectively self-insured for claims at this level.

By the time we closed we had 4 or 5 addendums that addressed everything that came up in due diligence.I have a lot of contract negotiation experience, so I was comfortable doing this.

@Khasin Lopez if your interested in attending my networking event in Woburn, shoot me a PM with your email address.

You change the mailing address from the prior owner to yours.

For example, if you do not put the name & address of the bank in which the separate account you have for the security deposits, in the lease, you owe 3 times the deposit to the tenant.

My advice since you're new to this:For a multi-member LLC, there are many issues to address such as member buyout, member death, member differences in work performed, etc.

I don't know what city inspection issues you're concerned about, but if you're worried about code violations and/or illegal construction, make sure you get those concerns addressed during your home inspection contingency period.

.· Compensation is paid out based on the higher loan amount Sample scenario of a loan · Transaction Type: Purchase· Purchase Price: $2,500,000· Loan Amount: $2,000,000· Property Type: SFR· Assets: $2,000,000· LTV: 50%· Effective LTV: 80% (with pledge)