Once you identify a property that looks vacant, what is your next step? 

Was much more thorough in identifying the next renters who have been long-term tenants in the property.

Operationally, you want to understand the business plan, the market, the team that is executing the business plan, and all the other various factors that you would use to identify any investment. 

The form identifies by line item the various kinds of closing costs. 

I am hoping to continue learning in regards to many things, however areas I feel the need to build are -Identifying a great multi family-The process of meeting and creating relationships with contractors to rehab-How the heck do I make the best bang for my buck with rehab-I have many other areas to work on and will be around on BP forumThank you everyone for taking the time to read,Kyle Bumpers

Biggest gap I have is identifying off market deals and closing on them.

If all the heirs have been identified, I'd probably just get quit claim deeds from each of them while waiting for probate to complete.

> They then ask the requirement, I then send them the list including the application form> Then everything goes quiet.The requirements I ask are basically the same as everyone else:Recent credit rating clearly identifying applicant nameReference letter from previous landlordMaximum Number of TenantsCopy of Valid Photo ID - Driver's license or passportIncome Verification - Employment letter - Recent work paystub or bank statementFirst and last month rent depositI begin to wonder maybe my requirements are a bit excessive?

For what it's worth, I'd encourage you to work on putting some form of a plan together that helps identify all of these considerations and helps create some better definition and purpose (with or without a professional depending on how confident you feel about it).

Flipped properties are easy to identify because they have the same neutral clean finishes every other investor does.