Or is it more time effective to just simply put an offer in with a due diligence clause?

Hey gainesvillej,I have done a bit of this using other peoples money through a self-directed IRA and making a spread on the interest rate.

Alot of time I am driving around familiarizing my self with neighborhoods, and I see the old "sign-down" house, where the yard arm is still in the ground but the sign that used to hang there is gone.

Hmmm.....my boss is a self-absorbed, arrogant, womanizing, a-hole who drinks too much.

As far as I can tell, then tenant has no effect on the cost of landlord insurance.

So, the effective rate is $0.

I've been told that letters aren't the most effective way to contact owners of large apt. complexes.Supposedly, the best way to get into the loop and have the first crack at purchasing larger multi-family properties before they hit the market is to (1) network with commercial real estate professionals such as Scott the CCIM (2) join commercial real estate organizations such as the IREM, BOMA, NAA, and ICSC or befriend individuals that are members (3) approach a property owner in the flesh and (4) network some more.You agree Scott?

Sure, we all want to invest in RE, we allwant to make money(somehow), and we all want to build wealth, but those are vaque objectives.I am still in the "convoluted" stage myself, but between spending time here, researching on the `net, reading, learning, asking questions, observing what others do, seeing what works and what doesn`t, doingsome soul-searching and self-evaluation as to my present circumstances, finances, abilities, knowledge(and acknowledging the lack thereof when warranted, which is often :lol: ), my own personal goals in RE are changing(from just a few months ago), and slowly becoming clearer and more well-defined.

For a self-employed person, a letter from a licensed Certified Public Accountant was required.

I think people's biggest block is lack of self confidence.