I have an initial budget for 5,000 postcards and a 2,500 count list.  

If that's not an option for you, write out a simple postcard and drop it in the mail: "Thinking about selling your home? 

Out of 1000 postcards sent out I have about 1 potential lead, That I'm still waiting to hear back from .. not sure if it was the post card I used or just bad timing .

I'm doing 2-3 deals per month off of the MLS and bandit signs, but want to partner with another investor to send out letters/postcards, while keeping expenses low. 

I found it through postcard mailings.

I have tried internet www.ehomzz.com, Adwords, Yellow notes, Post cards, etc.

So most likely your not the only post card they are looking at.

Maybe after you've mailed out the to the absentee list, you could do a separate campaign to the code violators with a postcard like "I saw via the public records your property had a code violation and you received a fine.

Then, play the "follow up" game.So, be sure the offer is on all of your marketing whether it's your website, newspaper ad, postcards, business cards, etc.Also, do open houses. 

I know that some deals take 5-7 contacts before they close so an important aspect of our System is follow-up.Even though they may not do business today, they certainly can call you back 3-9 months later because you keep sending postcards and letters and are constantly on their minds.