Ideally targeting 150 - 200 distressed homes.3) Research each address through the county assessor's website to get the name & address of the owner and the mortgage attached to the most recent lien for a frame of reference on how much may be owed.4) Send a form letter to all addresses.5) 2 weeks later follow up the form letters with hand written sticky notes to leave on each door that is owner occupied while looking for more properties on my quick drive through.6) 4 weeks after sticky notes, follow up with another mailing.7) 8 weeks after follow up hit the homes one more time with another mailing.Any thoughts on this plan?

But prices are sticky.)

The damage was so bad that while I was sweeping up the mess, I accidentally lifted the broom too high and the broom handle punched right through a joist like it was made of rice paper. 

I am thinking of investing in a poor neighborhood (poor schools, more crime, lower house prices) in Houston, TX (the Third Ward) which is only 10 miles away from the medical center/Rice University and the "rich" neighborhoods.

That is why I wish there was a Sticky Note on here for New Investors to post posts like mine (and maybe there is and I just don’t know it) that tells them to Read This First before Investing!!!

I also feel that's a sticky situation because in my opinion the seller should have good relationship with the person going to make the payments and it being a wholesale deal that wouldn't happen in a traditional manor.  

Thats the "sticky" part of all this lease option,sandwich lease,master lease stuff I dont like,,,,Its kinda like when find the cockroach half way thru that delicious Subway Sandwich ya know?

If you look at the top of the Landlording forum, you'll see a sticky thread about the 50% Rule.

Without a plan for the market correction in your debt assumptions things are going to get sticky. 

It's in great location, just about 8 or 9 mins to Rice University and medical centers.