For the life of me I can't locate anything relating to whether or not a land line telephone connection is a requirement for a LL in my state (Ohio).If this isn't a requirement and we don't correct the issue I can see it being an additional cost to the tenant should they want this service.

I would appreciate help in locating note buying related documents, Note listing agreement, purchase agreement etc. ...

If so, refinancing it will be relatively easier.

.- $600 later everything gets approved & then find out the lic elect recommended was a relative of the inspector.

If you like, I can put the properties through my data protocols so we can see if there is any activity that indicates an heir or relative or creditor might be found.

A relative was able to tell me the monthly income of the prospective tenant, as there is a language issue and the potential tenants do not speak much English.

J Scott With zero invested, I don't think you can compute a meaningful IRR; and the NPV (which will equal the PV since the initial investment will be zero), won't necessarily be positive -- and if it is, your objective then is to decide if it's great enough to justify the risk.

Low down payment is a relative term.

The owners might still be living in the property as holdover tenants, the property might be vacant but have valuable property the owners are using for storage and eviction has to happen, or the house is totally vacant and needs to be trashed out and cleaned and winterized depending on time of the year and climate.During this time the bank or asset company is having the broker that is to be assigned the listing complete a free BPO and then they also order 1 to 2 other bpo's that pay other brokers directly to do for an objective third party evaluation.

I have worked with both large Reits and private equity real estate (PERE) as a broker, from what I know REITS are more institutional in their structure and in the properties they invest in, and are SEC regulated, whereas , PERE can be smaller, more nimble, and operate a little more "off the grid" so to speak relative to REITS.