Yes, thanks Dan.Sorry about my wrong wording....I'm trying to find the do-it-yourself step by step procedure of writing these things up, and the step by step procedure of when to notarize, when to record...etc., etc.

Just I suggest you to take steps accordingly.

The outstanding balance owed on this judgement is 322,442.From what I can see this person owes no other mortgages on this property.It appears that this person or a contractor was able to access this home and rip out everything.What should be our next step?

They have 6 steps they follow for rehabbing, and the actual rehab doesn't start until step 5.I did not personally purchase the course, but think it would be worth the money.

Make sure that you have several steps in your letter process....such as mailing the same list a total of 7 times every 30-60 days.

Later, I will do all of the steps that you mentioned and report back as well.

What is my next step?

mouschi -In general, to figure out your cash flow (profit) on a rental, you follow the following steps:1) Calculate your income2) Calculate your expenses (not including mortgage/debt service)3) Calculate your Net Operating Income (which is Income minus Expenses)4) Calculate your Cash Flow (which is Net Operating Income minus debt service)So, if your house rents for $1000/month (your income), and you pay $500/month for things like taxes, insurance, maintenance, property management, etc (your expenses), then your Net Operating Income is $500/month ($1000 - $500 = $500).If you then pay $400 in mortgage/debt service, your Cash Flow is $100/month ($500 - $400 = $100).

As long as I get one key I'm happy, because my first step after closing is to change all the locks and secure the property.I've dealt with worse.

It is the first step to achieving them.One point of advice though.