Yes this is nothing new to the big boys & girls out there, but new to me as I have only purchase new completed places.This is the current bus. model that worked on my building1-build/buy new & hold(unique duplex like SFR - thus hi quality tenants)2-cash flow-not great but good3-exit by selling as condos (30% higher value than the whole duplex structure)These are the rough number on one current duplex:-150K 0.4 acres land purchase for ONE duplex (an average - extremely hard to find)-300K Build and contractors fee-20K City utilities (can save here w/ tear down-Utililitie in place & easy to permit)-Appraised at 470KWith these numbers there is no deal/money to be made upfront unless the appraisal rises or the land price drops.

That's what you get for just rusting the manager there - trust but verify is a must...Luckily for you you weren't counting on that rent to pay a mortgage, but imagine if that were the case.

DONT remove duplicates, Corps or Trust owned."

It is not a SFH, I have to access the property for plenty of other reasons.I've had this tenant for 3 months now, where as I've been extremely active on my block for over 12 years.

California is extremely expensive.

The HOA created hostility, extreme undue stress, financial problems, and even broke several serious county and state laws.

Extremely conservative number crunching indicates I could make $600.00 a month net from this property AFTER it is rehabbed.

The original deed of trust and any assignments are recorded, but details of the note remain private.

You could send out more or less, keeping in mind that the more correspondence you send, the more responses you'll get.Side Note: I've been seeing quite a few complaints from investors that wholesalers present comps and repair values that are innacurate, so if you would like to earn the trust of investors in your area, please find out how to presents accurate repairs estimates and comps!

Well I finally did and it turned out the owner had died with no trust or will and his mother had taken it in probate.