I can send letters to those property owners.Do you have some special insight that you could put to work? 

Be prepared to face multiple, competitive offers on all small income producing rental properties.

So you can do one of three things:(1) prepare a mock 1040 as you normally would as this will give you a high level of accuracy if prepared correctly;(2) review your previous returns and determine your effective tax rate, then apply that rate to this years earnings; (3) have a CPA do it.I get this request all the time so I've built a template for myself that allows me to quickly estimate a client's tax liability.

You might consider Niche or Specialized Housing like student housing.

One option is to hire contractors that specialize in investment property rehab and manage themselves.

If desired, contact FHA 203k consultant to prepare a final SOR."

You may have luck wiht a short sale, but short sales take on average about 6 months to close, so if that is the route you want to go then be prepared to wait- and also be prepared that the deal does not go through. 

So my current goal is to learn what to do and not to do, that is to have preparation time, learn from others successes and mistakes.

I might be late to this conversation but it has taken me a long time to find an insurance agent that specializes in rentals in central Florida.

Thomas Franklin special thanks to you for taking the time to give me so much information!