The first step is talking to a lender and getting pre-qualified.

They gave us a pre approval on a cash out refi.

They often offer updated owner records, pre-foreclosure data, and more targeted lists for specific markets.

I am interested in purchasing a new investment property and have been pre-approved for up to $700,000.

If they default, you keep deposit and anything they have paid prior to default and simply evict them.

We wants to rip out a perfect pre-fab shower enclosure to put in a custom tile enclosure.  

Quote from @Daniel Tanasa: Hello Terry, If you're looking to find houses that are in pre-foreclousure you can use a website like www.foreclosure.com and you can get the list of properties and start marketing to them. 

Getting pre-approved you'll know how much you can afford. 

Seems like everyone wants to wholesale here - The competition is really high - I dont really wholesale unless it makes sense for everyone but my advice would be to try and hit the lists that arent already super flooded ( pre foreclosure, vacant, etc.) 

They paid their portion of the rent.I have found a lot of investors bring their personal or political feelings into the investing conversation.