If you think that the list you have is somehow filtered for motivation because they have 2 or more houses, tall grass, boarded up windows, in foreclosure, inherited a house are 104 years old, 0 mortgage left... it is a complete illusion.

., to add to what @Jay Hinrichs said, you will also find hard money lenders saying they are private lenders.You should go to local REIA's and speak with friends and fam that are may have money or are already in the RE industry.Yes HML started to coin that a few years back as a marketing ploy  IE give the illusion they are cheaper than their competitors or easier to borrow from.. 

That added CF is an illusion. 

It's an illusion to say it does.  

Finding sellers will be the biggest struggle, have no illusions going in that this will be easy, be prepared to spend either a lot of time or a lot of money or both on marketing with limited results.

We do vacation there at least once or twice a year and though we could at least write off part of our trips, but the cash flow is so illusive there.

It's an illusion.  

That is yet another illusion the masses will sell you on.It is not distressed properties you are after.

I am under no illusion for how tight such a space can be with the living room occupied with an extra person, and how many would want to have more space to themselves. 

Its giving you the illusion that it is because you have an out of balance loan on this property.