Those of us with portfolios in previously non-RC areas upstate now all of sudden are slapped with a yoke around our necks and become unwilling participants to the socialism we try and avoid by purchasing north of the Tappan Zee.The way I see it, any little town is just one Democratic mayor and a small activist group away from permanently altering the livelihoods of their landlords.

And I have more questions, I would ask a lender/broker with the proper experience.I am trying to get absolute premium rates and the two very experienced commercial lender/brokers I have engaged(with the best rates and deals), say two different things...one says, that according to his underwriter friend at his preferred lender, a brick apartment building with appropriate Los Angeles County legally mandated retrofits will be 50/50 chance of passing the ($2500 cost to borrower) seismic report... the second says that..." no brick 5 story building with the city mandated retrofits, will ever pass a Fannie backed commercial lender seismic" Are they full of it?

I even saw ONE where the owners employed decent managers that actually created a fun and engaged snow-bird community (but the 'family' parks that I have had knowledge of were pretty grim). 

For example, take the Austin Independent School District:Such escalating prices [in Austin] have taken a toll on the Austin Independent School District, where the city’s lack of affordable housing and the increase in multi-family developments “has negatively impacted the school district's projected growth,” Reyne Telles, the district’s executive director of communications and community engagement, said."

There are times for both but I think buy and hold is best for an engaged entrepreneur. ... and for creating legacy family wealth.

The important contract will be your Purchase and Sale Agreement and you really want to engage an attorney on that.   

The person did not leave a forwarding address (I have e-mail and/or phone number, social security etc. though).

YOU have to make the choice if you want to be a REAL ESTATE INVESTOR or buy a house because its so cute and socially acceptable.

You can also buy lists from companies like list source and there are some REI software companies that have a cash buyer search feature.Best way to find motivated sellers is to purchase lists and compile lists from city and county for 60-90-120 days late on mortgage, pre-foreclosure, delinquent taxes, water cutoff, code violation, probate, divorce, high equity, etc. and mail or cold call.Other methods are driving for dollars, door knocking, wholesalers, craigslist, Realtors, FSBO sites, expired listings, foreclosure sites, put out bandit signs, billboards, newspapers, other offline publications.You can use pay per click/adwords, facebook, Linkedin, Youtube, and other forms of online and social media marketing.

My husband and I have been lurkers on the BP forum and podcasts and have decided to join the forum to start networking and engaging with the community.