I should contact the PM and get justification for each one.2) Either the PM reduces some fees, or I step up and pay some of them myself, but the tenant shouldn't have to pay all of these egregious fees.3) I should not contact the tenant directly.

Based on my experience in single family, I'm thinking the tenant class for those very cheap properties could be very challenging.

I've been wanting to get involved in real estate for a few years now, but never took the step.

Most of them have no motivation, but several do, and 1 or 2 of them have descent potential to turn into a deal.So your response rate is pretty good, but I'm going to challenge you a little bit when you say that none of the 40 callers were motivated.

You just took one of the most difficult steps in real estate investment; the first step.

This simple step would have saved me tens of thousands last year.  

It seems like a simple thing, but reaching out in BiggerPockets about getting started as a real estate investor is a great first step.

That being said I think it could be challenging for them to find the right buyer - someone patient for a short sale and a buyer who wants to bring $72,000 in cash for liens and short sale negotiators before their downpayment?  

NOI rules valuation wise.I would highly advise all to read Multifamily Millions by David Lindahl.What I did wrong was I thought buying a yield deal would have been safer and I didn't follow David Lindahl's proven step by step path.  

Doing rehabs remotely is very challenging to say the least.