While not impossible to find these people, in my experience they are few and far between.Given that, you're probably going to waste more of YOUR time by submitting full offers requesting seller financing then you will be wasting other people's time.

I should add that I can probably meet my criteria in my Dallas/Ft Worth area, but it might be near impossible in LA.

The property tax records indicate that Citimortgage Inc. owns the property so calling them seems next to impossible.

If the subject property has negative attributes, it may be impossible to maintain a high enough occupancy rate at a high enough rent to make any profit, or even service debt.

I think that's impossible.

Finding another place to rent after an eviction is going to be near impossible, however, simply moving after the end of a lease term is no big deal at all.

Im guessing that it would be nearly impossible to get permits for something like this, and maybe thats why iv never heard of it before.

Originally posted by Joshua Dorkin: By passive, I'm talking about someone who doesn't want to actively run a property (would rather hire management) or who has no interest in managing rehabs (though would consider investing in them).Passive investing is where my wife and I are at (well I'm at, my wife just likes seeing the proceeds ;) )We have a little over $500,000 we are working with and eventually intend to find a healthy split between managed rentals, and an investment vehicle my friend has owned and operated very successfully for the past 15 years.

The specific investment vehicle is irrelevant...

Mention the tenant by first name in a handwritten aside and apologize for the increase, saying that you are trying to maintain the tenant's dwelling as best you can, but it is impossible to do so unless you raise rents.Or you might want to prepare your own complete notice using personal wording like this - As you know, we are living in inflationary times, and even though I do my best to keep costs down, there's no way I can reduce the expenses of this building back to what they were a year ago.