To be clear, I did not compile the data that went into the making of the 50% Rule.

@Patrick Britton compiles a lot of stats about the market up there, and follows what's going on, I wonder what his thoughts are on the area?

But I do think it is wishful thinking that someone would compile and share this type of info.

The list is compiled of only names, addresses and delinquent balances.  

It finally clicked.I hustled to present the opportunity to those I knew, and compiled a crew of 5 unrelated investors, some seasoned, some newbies, raising $290k to cover purchase and rehab.

@Elizabeth Colegrove  I'm starting to compile documentation on items like that.

Currently work a door to door marketing job and have compiled and extensive list of distressed or seemingly abandoned properties in my last 6 months (70+ addresses) wondering what my next steps should be.

I'd suggest locking in a stellar contracting team, compile a list of rehab materials you can store in bulk (use in multiple flips), and focusing on pockets with extremely low days on market.

The best way to find off market commercial and multifamily properties is to compile lists through a paid service like List source, Reonomy and CoStar or you can use free resources like Loopnet, CREXI, Craigslist, tax database, brokers, property managers, title companies, multi family inspectors, appraisers, landscapers and other companies that service commercial and multifamily properties and driving for dollars.The real key is in how you approach the owners and then the follow up.

If you get a "report" from a business that compiles such "reports", then you are obligated to provide the applicant a notice of any adverse outcome.Now, some might debate that you are extending credit to a tenant, by giving them use of a property that has a value of many thousands for a deposit of some much smaller amount - but that has no bearing on the point I made previously.