I like the strategy.

Send them a letter (not yellow letter because they are getting dozens of them) telling them you found their house to be apparently vacant.

I don't know if they got caught up in the bidding process or they have a fix strategy that I couldn't figure out. 

Buy or inherit and hold all their lives while working the properties for income.I've seen teachers, firemen, software engineers and all sorts of people utilize both strategies successfully.

i guess it depends on your strategy.  

Now, all you need is to get clarity on your investment strategy.

Send them a letter (not yellow letter because they are getting dozens of them) telling them you found their house to be apparently vacant.

The key here is for you to discuss your tax strategy with qualified tax expert to ensure you are doing it correct.

If you've learned the terminology, learned how to run the numbers (accurately), figured out a strategy that works for you and have a realistic idea of the rental rates in your market, then just do it.

Greetings BPI came across a Fannie Mae REO just by chance.  I would really like to acquire this house but am really new to this and would love your advice on how best to proceed. Some caveats:  I do not live in the st...