@Bryan Milian1- One month of market research on major metro areas2- Two weeks of talking to leading agents in your top 3 markets3- Four weeks of learning the markets4- Offer, offer, offer- stick to fundamentals...long-term buy-and hold small MF (your available cash will be the number one factor in determining what you can afford and what locations you will end up buying in...you'll be comparing apples to apples in your top 3 markets...as long as you have a top agent, you'll be golden)Best of luck 

Mainly it will impact your insurance score which is a major factor in determining the rate.

One group not to mess with is the IRS and I hear they pay snitches a cut of what they collect in unclaimed wages, maybe the owner can go that route. 

Once you get a hold of them , time to negotiate...depending if you can get a decent price locked up will determine/limit what you'd be able to do with it. 

You can determine what the cost of a tenant turn would be and then crunch some numbers. 

The next step will be to determine how much it should sell for today if similar properties have recently sold in the area.

Greetings, I'm working on an off-market vacant land wholesale opportunity and have a couple of questions about how to properly determine the end price I should assign this for.

The caps are important as each year you get an adjustment, the cap determines what that max adjustment can be at each interval.  

., the amount used to determine gain, or the portion thereof that represents depreciable basis) will equal the FMV at date of death.

Yes, I would ask for additional evidence to determine how much of that income is his.