We'll take a look at some of the foreclosure auctions, because we can stand the risk of a potential budget buster of a non-inspected house for the potential upside of a deal.

Real property contracts cannot be verbal -- they require a written, signed contract with at least several basic terms included. 

It is a non leveraged metric.   

Do I send an offer letter or verbally make an offer to the seller? 

I would also send mail to non-owner occupiers, who are also, -behind on taxes - past due HOA -or behind on water billsI would also look into different software services like call rail to track your calls and kpi’s For marketing campaigns along with a solid crm. 

Is not going to cut it.. unless its a side hustle basically and one flip even if its just 15k a year is worth a number of drip rentals based on 200 a month cash flow  or in non appreciating markets. 

In this scenario I suggest that the percentage of rent lies between 14% to34% non-respectively.

You usually need property in an LLC, has to be non owner occupied,  fees and closing costs vary by lender. 

Return on equity is non-existent.

Unlimited guarantees, also called Non-Recourse, means that the bank can go after each individual for as much as they can get in order to be made whole as quickly as possible.