Join Credit Karma or some other free monitoring site and keep an eye on your progress.

Tax DelinquentsThen I would spend another 20k mailing these lists over a 2 month cycle. 1 for week one, 2 for two...5k I would hire a VA to monitor the 8 different lines and transfer messages to podio.5k I would hire an account manager to return messages with a script to weed out non-motivated sellers.

Try something, monitor the results, try tweaking it, monitor again, and repeat.I hope this helps.

If the bank wants more than the property is worth to you pass and monitor the situation.

This is not to denigrate Alan's course [it was an, interesting, read... ] but it was constructed pre-2008, before the SEC and many state regulators started becoming more viligant at monitoring the increasing number of real estate investors issuing securities [if you are raising capital from investors to invest in real estate....]Whichever course you elect to use, or not, or self-educate, seeking out an active attorney current on your state's and federal SEC law is ESSENTIAL, before you mail out any post cards inviting folks to luncheons or otherwise ADVERTISE for investors [as Alan's course advocated when I perused it].The red flag to state regulators is when ads appear, if the advertiser has not complied with the proper state registrations prior to soliciting investors through advertising, you've just created a HUGE target for yourself in most states.....On the other hand, a good attorney practicing in your state's PPM or private offering realm can protect you, and review your offering to investors....and save you some stiff penalties[you've probably heard of the one old school very successful investor, sort of the grand daddy in the private investors area, was actually shut down, for a comparatively MINOR failure to maintain proper paperwork, i.e. whether funds would be returned to investors after each project, or rolled over to the next project..., simple paperwork, had it been drafted correctly, and then proper records maintained]Best of luckBob

As you appear to be new to this I would suggest picking a location that is easy for you to monitor.

MLS access is needed for this, and has to be monitored constantly, with very quick bidding and a thorough understanding of bidding strategies for HUD, Homepath, Homesteps, etc.

The best ones are the ones that monitor credit scores for sourcing deals because those lists beat the other ones for speed...if you are fishing from the same pond as every other investor you will have too much competition to get quality deal flow.

This will allow me to monitor 2 out three units (the third being the remainder).

I monitor my credit very closely, and it hasn't shown up with any of the big 3, and its been over 2 years.