"It was a slap in the face," Giarrusso says."

If many of them are near death, you could possibly face a scenario where you shell out $3k per year for several years to replace them.Sounds like you have a good tenant on your other property, but my experience tells me that won't always be the case.I've owned 10-12 rentals in the "ghetto" and have had dozens of tenants.

i spoke to this gentleman (Dave) about a week ago regarding funding for a project in NJ and since then he has fallen off the face of earth.

It doesn't give you the chance to save on a Southwest ticket but if that's the biggest problem you'll face then so be it.

I primarily work with families who are facing foreclosure to buy their home and stop the foreclosure, but I also work with families and assist them with probate and estate sales. 

I plan on knocking on the doors and meeting them face to face, however, I would like to hand them a letter stating my contact information (especially where to send the checks) and some other information.  

Belonging to both doubles your face time.Finally, both these REIA's provide incredible access to people with a lot of experience who wouldn't have the time to return your phone call outside of these meetings.  

I was so nervous, but I put on my best poker face and just observed how others handled themselves when bidding.

There are also agencies that work with distressed borrowers facing foreclosure.

We actually made sure the seller who was facing bankruptcy, possibly a short sale to walking away with $1,500 in cash at closing.