-- Make sure a picture of the house is in the body of the letter and the top left of the envelope-- Ask if they want to sell their house-- Include your name and business info7)**When you get a response**-- Do a walkthrough inspection-- Find holding costs, rehab costs, insurance, and other fees (is there a never-ending list of fees?)

I hired a insured, licensed, bonded general contractor to remodel the bottom unit of our building. 

-- Make sure a picture of the house is in the body of the letter and the top left of the envelope-- Ask if they want to sell their house-- Include your name and business info7)**When you get a response**-- Do a walkthrough inspection-- Find holding costs, rehab costs, insurance, taxes, and other fees (is there a never-ending list of fees?)

You could also focus on the great financial advantages of renting/down-sizing (travel more, no more yard to care for/repairs, buy an RV, visit family more)Host a senior-focused event at your facility (maybe show an uncut version of Woodstock haha) or live music, a Social Security expert speaker or Doctor to address health issues, a fund-raiser, art show, etc. and hand out flyers with a special "one month free" coupon attached Have exercise classes for seniorsWeekly bingo nightsPromote your events for free on community calendars, newspapers, seniors sections of papersPrint door hangers and get some kids to hang the door hangers at trailer parks, older communitiesEncourage your current tenants to invite friendsRent a 15-passenger bus ($50) and offer free transportation to key eventsSponsor events at senior centers in the areaCo-Sponsor service club (Rotary, Kiwanis, etc who have many senior members) eventsPut up banners and balloons when you have eventsI hope at least a few of those ideas might spark some interest.

How will you handle vacancy, what about insurance on the "new" property after reno? 

My estimation is buying as is, I’ll have a net cash flow of about $500 with mortgage, insurance, taxes and water utility.

Drive Dryad, Nebling, and surrounding streets before pulling the trigger, and see what flood insurance will cost.

My estimation is buying as is, I’ll have a net cash flow of about $500 with mortgage, insurance, taxes and water utility.

Hello BP Team, I am about to close on my first property to flip and was wondering what all insurance I should purchase?

Keep up 300,000 liability insurance on rentals, and no LLC is necessary.