I don't know what your price point is on the house, but being able advertise "luxury master with his & her walk-in closets" is  huge- just ask any selling agent.

Expect a reposition project to take 2 years, not for a positive cash flow but changing the neighborhood’s perception of the place, this doesn’t happen overnight.I normally look at a project in 3 main areas:1.Management2.Building upgrade’s, repairs and landscaping3.Reposition tenant baseYour tenant base is very important, this will be the people that don’t want to move and that tell their friends what a nice place they live in (free advertising).

I have a quick question.I've been driving for dollars, and finding abandoned houses, but they don't have an address, I look them up on zillow,Redfin, and maps, but I can't seem to find an address so I can look for the owner, so far I've found 5 properties that are in distress without an adress, just one of them was occupied.Has anyone encountered the same problem.?

For that, he'd need a rock star property manager to advertise, show the unit, screen tenants, manage tenants and future repairs.

It was a complete renovation probate property that had been abandoned for 5 years.  

I havent had to advertise in several years.

@John Casmon thanks a lot and I know with your advertising experience you're primed to nail this in a big way. 

Some risky investments might advertise a high cap rate but that's because they are trying to sell a risky property.

You should check the advertised listing for the May 23rd Levy County Tax deed sale to see if the property is scheduled for sale, and also with the recorder’s office with the former owner’s name to see what comes up.

Has anyone had success with nailing owners of clearly abandoned, delapidated houses and if so, what approach worked best in reaching out, connecting and making a winning offer with them?