The owner died long before the notice of pendency was filed and I cannot find any probate records to determine heirs.

The owner died long before the notice of pendency was filed and I cannot find any probate records to determine heirs.

A professional inspection is required to determine termites and must be remedied to approve a loan with FHA. did you waive loan contingency? 

I am new to wholesaling and I am looking to start advertising to find motivated sellers soon but before I do that I m confused about what information you need from the seller to determine if it’s a viable option to wholesale.

How do we determine how much money to put aside for taxes?

Like others have said, you’d need to check out the municipal laws and run your numbers to make a determination about the viability of an STR in that space.

I would expect it to be standard practice to do a review of all the units and determine repairs needed, what monthly/yearly maintenance should be completed, and a rent analysis to set expectations for vacant rooms.  

Population growth, income growth, job growth, job diversification and rent growth can be good filters to help determine target markets.

We find our best tenants by posting ads at supermarkets.I can't tell much from the numbers you post since I don't think you mentioned your equity and that can help to determine whether or not you can sell what you have and upgrade to one more-profitable multi-unit property.

I'm gonna look into it here, once all the smoke settles.And lastly, the "short version" just referred to the detail in the post, I've posted on BP before and been told I left out crucial things such as details with numbers for someone to determine if a deal made sense financially or not so I originally typed up a whole manuscript, lol.