Due diligence:Work backwards to solve for the purchase price.

The key with direct mail is being able to solve the owners problem and provide a solution for every lead that comes through you.

I got no clue about FHA loans though, I know ours was paid by mortgage company, so technically it came through our closing costs.

Late update, but I think I can say problem solved.  

No clue what Account Closed is talking about jail?!  

Vacancy rate is a bit vague, % of renewals and days vacant between tenants are two better measures.Ratio of work done in house vs contractors$/hour for their maintenance people% of maintenance problems solved in one visitAve # of days to clear tenant complaint.

Not a problem if you have the necessary expertise to solve whatever problems the deal presents, but probably not ideal for a novice.

Hustle, problem solve, be resourceful, and be consistent.  

You should not set up an expectation with the seller that you will solve their problem, and then let them down because you cant make the deal happen.

When analyzing, the cap rate, among other things, will give you a clue whether or not the property is worth further investigation.