It seems to me that most stress boils down the fear of the unknown.

RE valuations are not just arrived at by subjective analysis as there are objective functions or implications that effect value.Picture a large neighborhood, say in about a 100 acre area.

Simultaneously negotiate a mortgage with one of our lenders with the objective of having it in-place by Close.A couple of times we've had to close with our own cash and then get the mortgage in-place.  

The common public tends to plug holes of unknown with assumptions when it comes to legal frameworks of matters related to mortgages and deed of trusts.  

I'd say that it depends more on the individual landlord and their objective. 

The financing piece for this type of deal is the real unknown.

It's just that, for the end-investor, there are more unknowns with the "boots on the ground" model.  

My point is that your objective ought to be to correlate probates with triggers that create a motivated seller.

I know I can do what i am setting out to do. there is a nagging thought though, a persistent little bastard, that keeps repeating "if you screw this up, no one will trust you again" its a jerk thought, i know. but its there. its the unknown, i guess, any way, this may seem a little boohooish, and i apologize for that ( being Canadian, we apologize for almost everything) but like i said, i need to vent.Enjoy your day!

However, if you are buying for a long term income, then as long as you meet your CAP objective, an acquisition in today's market should be fine.