I'm excited, but I am having a tough time finding an insurance policy on the place.I thought I had this all nailed down, but I just got a cancellation notice in the mail that states the policy will be cancelled due to failure to comply with an inspection.The property is managed, and the manager claims she had a tough time coordinating a single time when all four tenants could meet with the inspector.

And send them a mail piece telling them you noticed they purchased the property at Acme lane and if you can add them to your exclusive cash buyers list.

Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe E-MythThe 4 Hour Work Weekhttp://flip2freedomacademy.com/ - free e-bookFlip2freedom episode 77 - podcast - LISTEN TO THIS TODAY!

My first direct mail campaign to absentee owners hit mailboxes today and we got 3 calls today.  

@Geode Pratt  I believe the law states that you need to provide the accounting within 30 days of being provided a forwarding address but I always provide within 30 days anyway by sending the accounting buy  certified and regular mail to any known address. 

the bidding starts with an amount that does not tie to any mortgage balance or fraction there ofThe best way to do this is order an O and E report (ownership and encumbrance report) from a title company.

I don't do driving for dollars but I always thought if I did I would run addresses through records to make sure I was mailing the owner.You might get 1 out of 50 offers accepted so keep on the grind.

The lender paid expenses include Sheriff Costs, Appraisal Fees, Property Inspection Fees, Foreclosure Fee, Title Exam, Certified Mailing Fees, Posting Cost fees, and Recording of the substitute trustee.

I'm not into posting signs everywhere, but I would be open to direct mail.

I only lend money now.. so I never hear about the 3 T's or any of that stuff anymore and it does not matter if you have PM you still need to engage them answer there e mails their cash calls  etc etc....and being very selective were my funds go and who they go to ( lots of experience at lending ) I mitigate my down side pretty well these days.. ( now in all fairness I got killed along with a lot of other lenders back in 07 and 08) so it was not all wine and roses.:) but now with the values reset and HML or private lenders being able to set their terms better I think the risk reward is far better than owning with much less work...