There is one potential issue that has not been addressed: what if seller, who let buy take sub2, decided to "steal" the house back after 1 year, 5 years of payments?

As part of the application, there needs to be an entire "narrative" about my intentions with the property, addressing dozens of regulations and other points of interest, site drawings, signs on the property, and even attending a public hearing about my proposal.

Hope someone can help me:  I need a reliable Skip Trace service to obtain accurate phone numbers for addresses of pre-foreclosures.

It helps me to network and provide value to other investors I network with.With all of those perks being discussed, let's take a look at the math on the marketing side:Let's use 2 hypothetical lists for example:1) My scrubbed list of probates to check the probate records for "real property being inherited" and a different mailing address for the applicant and the inherited or soon to be inherited property.2) A random list pulled from ListSource containing certain criteria of out of state absentee and 90% or more equity in the house.List 1:mailing 1000x5 times with a postcard costing $.50 ($2,500) (hypothetically let's say 80% of these leads have motivation) ($500 is in vain)List 2:same $2500, except only 50% of these leads have motivation of some sort, so there's more tire kickers and less potential. ($1250 will be in vain)With this math, the value of a great list will be worth at the very least $750 plus value in the market place, more concentrated motivation, and much less tire kickers.What does the BP community think?

@Troy Williams There's really no one-size-fits-all structure; a lot of factors have to be considered when structuring entities, which is why it's very important to have a real-estate-savvy CPA and attorney on your team.That said, I'd like to address a few points:You can elect to be taxed as an S Corp even if you are the sole member of an LLC.Under the S Corp structure, you cannot declare "whatever you want" as self-employment income subject to SE tax.

There you can get some more insights on rentability score, vacancies, pm ratings and a bunch more for that exact address.

Copy addresses and search for the owner on the county tax records and write them a letter.

(b) The mortgagee has posted a notice at the time of making the personal inspection and has mailed by certified mail, return receipt requested, a notice to the mortgagor at the mortgagor's last known address, which notices state that the mortgagee considers the premises abandoned and that the mortgagor will lose all rights of ownership 30 days after the foreclosure sale or when the time to provide the notice required by subdivision (c) expires, whichever is later, unless the mortgagor; the mortgagor's heirs or personal representative; or a person lawfully claiming from or under 1 of them provides the notice required by subdivision (c).

. :)  A Hard Money Lender (HML) will probably want to know the address of the property you are buying before they will spend much time on it.

To accurately vet the rents, I will pick a few of the individual addresses that are closest to the property I am looking at.