Please excuse me if this has been brought up or if there is already a section on this.

"tenants" my secretary was just reviewing our records and brought to my attention that we haven't done your annual unit check....Are you available to meet with me again and do a 5 minute walk through?

I'm just starting out trying to get in the real estate busibess, I see this property been abandoned for year 6,300 sf went check it out on the assessor's website it says the building value is 230,00 and the land value is 30,000 plus it has liens on it hasn't been paid since the new owner brought it in 12' I really would like to acquire that house and make it to a 2 floor Building 8-10  apartment's on the second floors  and rent the 1at out to businesses, it's currently off the market so I don't kno the real price that the owner want but on one website it's say 350,000 now I definitely don't think that's the right offer for that and the tax people are going to take it next April should I wait for them to take it then approach or try to get it before them help me out.

My home inspector brought up some foundation issues during his inspection, but I'm having a hard time finding a structural engineer in Orange County to take a look.

Have you done business with them in the past or was their name just brought up to you by word of mouth?

Especially, since the property was brought down to 339k on the MLS.  

Liquidity is preferred because many estates are insolvent (no cash) and have creditors and expenses to pay, including the attorney and Admin.Once a professional is involved and more eyeballs on the deal, fewer "outside the casket" (box) opportunities will fly unless you brought the deal to the attorney in the first place, and even then you would gave already needed to wrest control of all heirs and claimants. 

There were 2 scenarios that brought this question up in my mind.If I drive for dollars or use something like list source to find distressed properties, can I purchase the note or lien on the property?

The guests that brought their pets were very pumped about getting to take them for walks out in the countryside.  

Well you brought up another great point, vacancy cost and tenant turnover are two of the most expensive costs associated with owning a rental property.The way I handle that is I only invest in markets with stable population and job growth, near "7" or better schools and the median home price is very affordable for the medium household income for the market.That way I know there is demand and I know the people demanding can afford to pay what I need.