I spoke with the owner yesterday since I know her step dad and she was renting it out for $750 and got a ton of applicants.

I spoke with the owner yesterday since I know her step dad and she was renting it out for $750 and got a ton of applicants.

Also, the power of attorney died along with the owner.  

The lenders I know who will lend on a non-warrantable condo only do so if it is owner occupied.Perhaps a straight business loan instead of a mortgage might work?

I send letters to absentee owners.

In fact, I went to High School with the owner's grandson.

Look for vacant and neglected properties and contact the owners to make an offer.

Very thorough....The owner Chris is very knowledgeable and the availability has been less than 5 days for booking. 

It appears that for many, many, many years the owners, boards and management had treated the building and units more as a Condominium in that each owner was responsible for the repairs to their own units, whether they lived there or rented (any damage to the inside of the unit was the sole responsibility of the unit owner).2 years ago, the board at that time brought on a new management company.  

So I am trying to run numbers on a few larger apt. buildings and the expenses the owners have given me are obviously inflated for tax benefits.