Now days I suggest ten bucks because when the courts said a buck was ok was a very long time ago and prices where very much different.

Small parks are relatively illiquid and do not appeal to larger buyers, so they trade at high cap rates (15%+).But you have a hundred+ hours of learning to do.  

I could go max out my friends/family/crowdfunding options, but that probably wouldn't get me much beyond 20-30%...Anyhow, let me know if I'm missing something in terms of a strategy that might appeal to this seller.Thanks,-Orion

I don't know where this property is or what your local laws are but where I am from in Kansas City you can appeal taxes that seem too high.

We have one property and all seems to be going well until we received info March 2014 from the current tenant that someone was trying to serve court papers to the landlord.  

Posting the notice is essentially just a reminder to the tenant that they have to pay or face consequences - you don't need to wait until the end of the notice period to file an eviction, since it will take 3-4 weeks after you file before the court date anyway.  

@Kayla Joachim - welcome to BP and glad to know a fellow newbie investor appreciates the appeal of NE Minneapolis!

You can also add on all sorts of cool home-automation features that might appeal to a higher-end buyer.

The conservatorship/trustee says that the owner is not capable or soon will not be capable of making decisions, and he can present a purchase offer to the courts to sell the property. 3.

.- OR -2) Wait for the homeowner to miss one payment and foreclose on the property, thereby buying something for a deep discount if you don't mind going through the courts to eventually own the property.Has anyone seen this type of negotiation/deal with lenders?