I have seen a post from a guy that broke down his criteria for properties above 200k and below 200k and the price he is willing to pay for "deals" is so low the owners would be practically giving them away like buying an owner out saving them from a foreclosure and his comp forcast is for a 1 mile radius not 5 or 10.

The requirement to do this generally involves an experienced GC signing on the borrowing entity as a 20+% owner thus making them a signatory on the loan and responsible for the debt which in most cases is not very easy to find.

@Jared Haxton You are not going to be able to do an owner finance transaction without paying off the existing loan.

Can anyone recommend sources for contact information for property owners?

The 1 mile income radius could be misleading in either way to the positive or negative if the property is on the right or wrong "side of the tracks" so to speak.The 80% occupancy, if it's solely due to the mismanagement of the current owner could be an opportunity. 

I’m an investor and the owner of a property management company based in Kokomo, with portfolios extending into the Indianapolis area.

All too typical park owner who took all the profit out of the park without reinvesting in the business then wants to sell you the potential he was too cheap to invest in. 

You'll be competing on price with owner occupants who are not running the arithmetic like an investor, so you'll often end up overpaying and losing out on any potential cashflow.I'm also 25, and it's great to see other young guys getting started and building wealth. 

For example in many jurisdictions I can STR units in a duplex but cannot STR an ADU (some jurisdictions will let you STR if you owner occupy).

Hi, I am the owner of DealMachine.