Could be wrong, but it would be worth checking because that would be an easier way to sell.Residences converted to rentals often don't work.

This would seem so much easier than getting the Sellers to sign over a Power of Attorney, the method I have seen most people use.The above example does not have the transaction funding fees, but feel it increases your liability.Would my assumption be correct?

The owner has not seen the property in years and although she claims she knows the neighborhood has gotten worst since she lived there (20 years ago), it appeared that she is still thinking she owns a diamond in the rough.

Dealing with the homewoner directly will produce much better and easier positive results.If you have homeowner contact and do not know what to do with it at this point, contact me.

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

will it make hunting for deals significantly easier?

Doing that against a FSBO seller is easier than an experienced agent. 

I wanted to share some of my wisdom, so you can have an easier time when you decide to do a project or not. 

Obtain documentation from the pest control company that the property is flee free after it has been treatedThis way it will be easier to enforce your policies in the future and have them pay for any further damage. 

I think this will really help the appearance of my offer when it comes to short sales, foreclosures and retail purchases.