I should note that I've seen quite a few useful resources listed on these forum responses and it has certainly provided some great insights into where to get started, which locations to consider, and other strategies to consider.

I'll have my wife "write" the letter as I think that will be better received, and specify that we're looking to move closer to a certain location, the school district, etc, as well as that we'd pay fair market value and can take on repairs, etc.Opinions? 

Good morning,I am trying to locate owners of distressed properties in the DC area.

Depending on the quality of the property, location, and tenant history I would consider upgrading to ceramic tile.

What area are you located?

I designed my own software to do this all for me.Here are some of the data you need for each analysis:1 - Current cost2 - Your budget for buying and rehab3 - Your desired profit and/or cash flow4 - Size of the property5 - A comparison between the cost to get in, rents, and/or sold comps for each property6 - Specific location of each property (you need to map it out)7 - Analysis to find micro-markets within the overall area/market you are now analyzing8 - Days on Market for both 4sale and sold. 

You should be able to get a tenant at the $900 rent if you live in a medium/big city and the property is in a decent location. 

The property is located in Utah which has seen strong economic growth in the past few years.Thanks in advance!

Hey McKenzie, My Husband and I are looking for our 3rd and did a BRR for our 2nd... would you please send me some more details like location, pictures and I would be glad to share some of what we have learned and talk deal. 

I’m located in the Washington DC metro area