I have done a lot of rescuing of these situations.so those are just a few tid bits.. 

In any event make sure to see the property and find any issues with it "meaning repairs needed".At the end of the day you have a common ground with your neighbor and work this because if you get him to trust you he'll give you his house only if you are truly providing a solution SOLVE HIS NEEDS and make a deal happen.Hope this tid bit helpped!

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Once you have identified the handful of heavy hitters, I would suggest volunteering in their office as much as you can.Even it it's just cleaning or answering phones - you will pick up some good tid-bits through osmosis.  

Hope these few tid bits helps

To me the most important thing is going to come down to tenant screening but wonder what other tid bits everyone may have.

BUT again, this goes back to you told us basically nothing except a few tid bits.

There isn't a whole lot of startup advice geared towards this topic, so I wanted to put this out there to hopefully get some good tid bits.

They can go get a money order if nothing else.Any other tid bits not mentioned?

The big home buyers have cut their buying significantly and are now in selling mode to get rid of their lower performing properties.Another tid bit I heard from an oil exec, they are conserving cash to buy the small guys as they fail in this low oil price market.