I think zoning a 3 story (plus a finished basement) home would be key for proper performance.

More likely is you might be able to get the EMD deposit back if you said they misrepresented the property to you and now that title is being searched they can not deliver what they said they sold you.Given you said in a later post you can perform and can make a profit that is probably the best way to go.

Id budget for problems.With your initial numbers done I would run this thru a good spreadsheet to get a more accurate picture of the performance.

I am the owner of several performing properties acquired over the last five years with my partner.We are looking to build a better system of developing properties for sale to investors or for our own portfolio.

Property management is what keeps the asset performing, and probably more important than the asset itself. 

When (and if) an Executor from the list you purchased contacts you and wants to sell, they will more than likely put you in touch with their attorney.This is a nice "back door" way to build relationships with the attorneys, because they (the attorneys) know you can perform, and will refer you when their future clients have properties that they want to liquidate.Hope this helps.

Those with many posts have a lot to lose in the way of reputation on here by not performing so in my opinion they're probably some of the more credible people to do business with.

But by diversification of areas, and by thinning the herd, you can have properties in different areas, different towns and you can jettison under performing properties along the way.4.

It is because I was proactive and performed preventative maintenance sweeps twice a year.

There might be other things where the PM is performing, but it's quite possible for the PM to be neglecting other things as well.