(Not so fortunate for him.)With that being said, you still want to exercise caution in dealing with his property.

Insurance agents will be hesitant too but if you have a sample property they may be able to run a quote for you.

She is tired of running the laundry mat. 2: She doesn't want capital gains by selling.Your offer should be to either do seller financing for a monthly amount that suits both of you and a term that is longer than their expected lifetime.Or, you could do a renewable lease option, which allows for you to exercise the option upon her death at which time her heirs will inherit the property tax free and you can pay them the option amount. 

DM me if you want samples, but a Google search will work.With water the idea is to minimize usage since, at least in Portland, it is so d*** expensive (like $100/unit/month). 

The most precise and accurate way to calculate CapEx is to:List out all CapEx items for a particular property (Roof, A/C, furnace, appliances, flooring, hot water heater, etc...).Determine the approximate lifetime and replacement cost of each item.Determine the approximate useful life remaining for each item at the property.Aggregate this information to determine a monthly reserve amount.Obviously that's a lot of work, but it's an exercise that I recommend everyone who is new goes through at least once or twice on a property before making an offer.

Hello All - I understand all LOI will be different but what are the main content should go on LOI. I've submitted one with only numbers on spread sheet and think it wasn't too professional and doesn't attract the team...

-Our business model-Sample scope of work-Taking the next stepsYou could create a very similar packet to establish credibility among sellers. 

She plans to exercise it in 2 years.

However, I'm interested to hear from others if this is a worthwhile exercise, or if their is another avenue to look into where I can see these pre-foreclosure and divorce leads even before they come to the newspapers public section.

Following renovations and work to reduce cost they stabilized at $25/mo, with a year worth of bills from hundreds of units to even out the sample size.