@Joshua Dorkin and @Brandon Turner my literally multiple readers are yearning to see this picture of the stack of postcards I mailed last week!

That being from a law office will or should get attention, to the lender it's much the same as a payoff, give a cc of the letter to the regional bank regulatory authority, it's eye wash, but the question then becomes, "why didn't the bank take the payoff and allow the customer to avoid a foreclosure, damaging their credit further.....for what?"

And unlikely it will actually get that far.NED is Notice of Election and Demand, for our non-CO readers.

They put ridiculously low starting bids to attract attention.

Adam, if you have a target area in mind, drive it and pay attention to the properties in that area that seem to get your attention.

I know this could be a long drawn out question that could become lengthy in assistance but the main reason is knowing that I'm doing this all correct and not stiffing someone mistakenly just because I don't know and being more of a doer rather than just a reader, but also to use as an additional exit strategy that I can use to closing more deals.

"Canadian banks typically loan money on the cheap" - that's because our real estate market was not paying attention to what happened south of the 49th back in 2008.

They are all on 2 or 3 year leases and require pretty low attention as I have a good handyman for fixes.I've focused on nicer stuff which of course has a lower overall return.

Small multis tend to be a little more repair intensive than SFHs (4 dishwashers are more likely to require attention than one, etc).

The neighbors most motivated to help are the ones who own their homes and pay attention to maintenance — they’re the ones who benefit by keeping property values high.You can also offer the neighbors a reward: if they save you $1000 in damages, giving them back $25 is a no-brainer.