Flipping Pros: Get Properties 60-70% below ARV... Like this?

[Scott A.]

Yeah so I'm in this now, just started marketing aggressively via Adwords, 50 Bandits & 6 new CL Image ads today...   Been 5 days total...  Not a drop.  I'm naturally extremely impatient so that's fine for now.   Tried calling a few Landlords today(just to see if there was an interest) and some of those Investment Ad people on CL (they advertise deals for flippers) to try and get a feel for this.  Their idea of a good flip deal was like 20% below market value... crazy.  

Got some calls from some Real estate guys too trying to sell me their properties... Nothing good, again it was for like "buy and hold" type properties. A lady said she has a property for 150K and the ARV is 220K but I cannot verify the ARV so how do i keep score? Zillow?

I believe the real money is in this flipping, yes?  For me real money is $25K+ in 4 months.   I don't think flipping is dead from all the bandit signs i see near me.  I just wanna do deals and outsource.  So my thinking is the only way for me to get a no brainer, good deal 60-70% below market value while paying a hard money loan is to get a hold of a Distressed Seller before someone else (Those near foreclosure, recently divorced, job relocation, yada yada).  Auction sites want cash as i understand it.  So cant do that.  I have read that it's probable and possible to actually get one of these distressed sellers to take 50-60% below market value.  Am I on the right track?  I'd like to lock up my first deal by August 31 and have the property sold by October 31st.