My plan is to contact them and attempt to do a short sale.

You can insure your interest in the property (definitely do so), but you can't attempt to enter the property.

Once you locate this missing person via a skip trace, how do you typically attempt to reach out to them?

He is thrilled and thinks he is getting a phenomenal deal since the neighborhood is in gentrification he feels he wants to stay for a few yearsAlso you have to understand also that the kitchens and baths and living spaces are way above grade for the area water fall faucets, laminate flooring, deep sinksglass back splashes tiled floors in bathrooms rain shower heads washer dryer hook ups and the rent is ultimately on par or slightly less than the neighborhood so I feel I have the right to be selective(that is my arrogance talking) so to address that as far as my process seeming arrogantI have been accused of being arrogant before so I wont be mad anyone for saying that.but I am genuinely a nice caring person who will bend over backwards for my tenantsso i may be a little arrogant but I will jump through hoops for them just like I am expecting them to jump through a few hoopsI will say I am humbled by all of the solidarity against my plan so I wil re think it I have much to learn and this is my first venture into this game I am doing it solely on instinct and my intuition so thanks for all of your feedback everyone I am positive it all came from a place of love and caringJust a side note I am so laid back and easy going that sometimes people tend to take advantage of my kindness so part of what I do is make sure the people who I have to interact with have some integrity and moral character so that I dont have to be a bad guy when they stop paying their rent because they somehow think they can get away with anything and they push the envelope until I have to show my teeth

Perhaps attempting to lease a unit while remodeling the majority of the building.

The more sellers or investors attempt to be more creative in drafting hybird transactions, the higher the probability is of such transaction or arrangement being illegal and/or unenforceable.

Equally scary is that no attempt was made by the plaintiffs to find a reasonable resolution and instead socked them with over a million in charges.Best of luck to you in OR.

That said, in the past I have noticed that these types of models are attempting to sell based on the cash flow of the asset and a bit of high pressure sales.

Being different, while attempting to avoid the necessary homework, and proving to be of no value and generally being a waste of time-sounds like a hell of a biz model!

If the home has not been auctioned on the court house steps why not simply enter into a purchase agreement with this lady and attempt to do a short sale, if that doesn't work then buy it on the courthouse steps if you are in a position to pay cash.