Aanother alternative: find a discount listing agent and have him list it for you.

If you're looking at making 80K on the deal, what alternative buy-and-hold properties could you purchase in a similar area?

"Driving for dollars" is a popular term used in the forum threads as an alternative to signs and direct mail.

Any other legal advice is ILLEGAL and may be very incorrect.Seeking advice from an attorney in the area where the property is located can be a wise and very economical decision considering the alternative.

Someone have any alternatives.

I cannot claim I've been successful with it, so I urge anyone considering the alternatives to take my advice with a grain of salt.

Starting off with people you know is step one, then meeting new people and then talking to them.What you should present to them is a history of previous deals, how their money is secured, cover all the "what if's", including the worst case scenarios, develop rules for your business, i.e. never place a lender in an LTV greater than X% and then follow those rules, explaining to the lender that these rules were put in place for their protection and security of their funds.Acquisition strategies, your team, and your exit strategy (along with alternate exit strategies) should also be covered.

It is our first MF property.We are not risk averse, and do seek alternate methods to complete a win-win deal.What are the bear traps to watch for?

I am considering this as an alternate way to get into a SFR in the area and acquiring rental property at the same time.

Your first clue might be found on a death certificate where the "informant" or next of kin is identified.Then your decision must be if you can coax the relative to get sufficient probate court powers and authority to sell you the property or alternatively, purchase the interest(s) of the heirs or bene's, step into their shoes, and take the fiduciary duties upon yourself and complete the probate yourself.