The property needs work and have tremendous potential for an investor or condo conversion.

If you can have those conversations upfront early and often, they will build trust that you are looking out for their capital.

I want to add a little to this conversation. 

After you have done a face-to-face, I would give a "Welcome Packet" which can just be a folder with how to communicate with you, pay rent, etc, I also will include a small gift, like a gift card, bottle of wine, etc (You will see what they like with your face to face conversation.

Trips are great but you'll be better served by having great conversations with good friends!

Conversely, when the credit markets are loose, and banks are enthusiastically lending money, seller financing has less appeal.Read this article for more https://www.investopedia.com/t...Good luck!

Personally, I've seen groups buy terrible deals just because they had the money to spend.3) Uninvolved Visionaries - True story, you can have conversations with celebrities running funds and they may not even know what assets they own or have in the pipeline.

We plan to hold this arbitrage until we replace it with a master bedroom or front room/studio conversion on a house hack.

We plan to hold this arbitrage until we replace it with a master bedroom or front room/studio conversion on a house hack.

I'm thinking my next steps could be (in random and no order, and disconnected-- looking for advice here):- start calling the properties, say I'd like to purchase their house, and see where the conversation goes.