We are about to make an offer on a couple notes that did not include a credit report on the investor who bought a loaded rental. Considering its an important part of evaluating the repayment of the note, and correct m...

I agree with David T. there is a lot of up front research, and if your intent is to flip or expect  for owners to redeem the property, you may get left holding the bag.

I love what you said here because it mirrors my plan to a T (at least the plan I have in mind for the time being).  

Started learning about investing in 2009, did my first deal (a sub-to) in 2010, and obtained my real estate license in 2011.  

Also look for areas with population growth Where to find your dataIn terms of the input data we discussed above, here is where you should be looking for each of these: Property Details: This information should be available from the seller, but more comprehensive and detailed information can also be obtained from your local County Records OfficePurchase Information: Obviously the seller is going to name a purchase price (which will likely be negotiable, of course), but the more important information here will be any upfront maintenance or improvement work that needs to be completed to ensure that the property can (or continue to) meet its income potential.

Originally posted by @Pete T.

@John T, in regards to the "Greater fool" theory, see the stats above for the amount of built-in equity after rehabbing the entire building.

What would be my best course of action to obtain the property at that point?  

In conclusion; I work hard, I'm determine, love to learn, I'm helpful, not afraid to ask for help, have a vision and a plan to obtain it, will take action, No handouts wanted/needed, I'm honest, trustworthy and true to myself. 

I found an investor who agreed to purchase the lot and obtain the const. loan to build the house.