I know this exists, but I'm not sure what it is called in order to compare products.

That makes no sense.In 2013, CAP rates for stabilized Class C property in Miami (the most expensive property in your state and quite near the most expensive in the country) were in the 6-6.5% range.

Some use billboards, which can be very expensive but also very productive at generating motivated seller leads.This is a MARKETING CHALLENGE - getting the right message to the right people in the most efficient and productive way.

- List out all repairs, liens/fines for 30 days after close, etc. to get the property back to full production- Know your local laws for evictionYour partner needs to be a multi-family buyer/rehabber in Providence.

As far as finding rent-ready or near-rent-ready for a "slightly higher price" than a distressed property, I would comment that at that point you're getting close to turnkey product and you will pay more than a "slightly" higher price.

If I can get a few dollars for them, no reason to just throw them away.What do you guys typically try salvage even if you don't intend to keep it in the final product?

Seemed to install like an invisible fence I could do myself. http://www.warmquest.com/products-snow-melting.php My justification was that while the initial investment might be a $1000-1500 or so, it'd pay for itself since a plow and truck are several thousand and it could $25-50 for professional show removal on each snow storm.

So values in Detroit in some areas are climbing and I see some pretty neat infill.. but its not in the cash flow south of 8 mile areas and for SURE there will not be any kind of success on equity that those who chose to invest in Atl in the nicer areas in 2010 to 2012 enjoyed.. that I  can assure you.. there simply is to many homes to much product.

I'm not sure where you will find a line of credit product you can cross collaterlize on 3 properties.

I get paying tenants in there long enough to show a full year's worth of stabilized income and expenses on a tax return, then go to the bank and tell them I have a property worth "X" that I want to refinance off of 14% interest only into a traditional amortizing loan.