Well, once the title company/closing attorney puts together the final numbers for closing, they are being told that anything older than 7 years is forgiven.

If something breaks, the management company fixes it. 

However, the best deals are often off-market, so networking with local commercial brokers and wholesalers in Cleveland is key.For finding investor-friendly agents, check out BP forums, local real estate meetups, or even property management companies, they often know who’s selling.

I follow Dodd Frank, I use an RMLO, I have a title company close the sale and offer title insurance.

. - Most Fortune 5000 (and others) companies do this.

you can utilize a skip tracing company to get contact information for the owners.

The average person would be shocked but even our enemies like Iran and Russia are still buying our assets through shell companies. 

See the chart from Fair Isaac Company (FICO) below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyAccording to this chart, investors should use corresponding vacancy+tenant-nonperformance factors of approximately 5% for Class A rentals, 10% for Class B and 20% for Class C.To address Class C payment challenges, many industry "experts" are now selling programs to newbie investors about how Section 8 tenants are the cure.

If the company you are using is not YOUR company, you can share links in the group.

Thus, the preREO strategy is to have a court appoint a receiver, which could be a real estate agent or property management company, to repair and rent the property during the foreclosure.