I was recently driving my area and identified a home ( 2 storey - 3 bed, 3 bath - 2300 sq ft in decent shape) in a nice neighborhood in Portland that is zoned R6.

I got a cold call from some guy who didn't identify himself, and just started asking me personal questions about myself and my business.

Once a recover is identified is when institutional investors generally start to invest.

I am a full time engineer, on the road worldwide 80% of the time so I spend a lot of time in hotels.  

If it's an older building, you could be on the hook for capital improvements down the road (I've witnessed firsthand). 

Once you identify the location, then you need to find a good turnkey team there.

4) Start Marketing For Sellers / DealsThis is where the rubber meets the road, right?

But I still think that would be tough road to hoe if you need to prove that they should be liable for failure to disclose an issue.After all, you wouldn't have to disclose a leak roof if you had paid someone to fix the roof.

I would not proceed down the road initially suggested!!!!

I estimated at least $70k of work so I offered $30k and they rejected it, so I walkedHere is where I am at with the four I am hoping to get (2 under contract and 2 pending)I have identified some more properties but the cap rates are nothing too exciting so I have decided to do a Direct Mail campaign first to see if I get any good leads.