Precisely the properties you see sitting on the MLS for 725 days.  99 percent of owner occupants are tire-kickers on these types of properties, wasting the seller, agent and their own time pondering if they should take on fixing it up and ultimately going with something that is move-in ready. 

I literally sent out my first yellow letter a month ago.Yes it was not quite the truth to use the word "usually" but if I had to explain my whole life story and lay out my investing plans and goals just to be 100% precise I'm sure the sellers would feel their time was wasted.

@Omar Ruiz all these new strategies are interesting and sound fancy but until you close any deals, you can't compare the impact of each strategy.Let's say, a year ago (13 months to be precise) I mailed 30 letters to absentee homeowners.As for now, I've sold 2 houses from that mailing and one is still listed for sale.

A gentleman I've used recently was JR at Precision Renovations.

To be precise I have done 3 Agreement For Sale purchases.

I’m not sure if I will use it on my rentals but I’ll definitely take advantage of this option to decrease my personal housing payments over time, which puts more cash in my pocket each month.One thing my lender told me at the time was that while every Fannie/Freddie loan can take advantage of this, not all lenders or services will support the option, precisely because of the fact that they make more money via refinancing.

Mike Cumbie - Precisely. 

Easy to say, impossible to do accurately, precisely, and reliably, but it is what makes all of us money.

Whether I truly understand the exp "model" or not, this statement is precisely the reason I despise MLM companies.

Modeling tax items is very difficult to do precisely.