It is also a great way for an owner to earn an income stream from the property without having to do the physical work. 

I know that I would still have to pay the property taxes, so I would structure it, so that the property taxes are paid first and the remainder is divided up into monthly payments over 20 years or so with maybe 5% interest, so that they are getting a reasonable stream of income every month for nothing.

You can either buy lists or I use Prop Stream to pull data and get the addresses skip traced (a cheaper way to do it).

My personal suggestion is in line with @John Swann, figure out how much is necessary in repairs and what the income stream of the asset is after taking out all monthly expenses. 

I think prop stream is amazing but sometimes misleading....I wholesale, am an agent and invest myself in 5 different states.

We’d love to see it. my goal would be a nice size ranch Property with stocked lake ( trout not bass) and a Trout stream with mixed Oak and Conifer . 

Carpet soaks up the spills.

In the city with a larger population, you'll always have a stream of people interested.

and income streams...I'm also looking into Hillcrest or North Park...

My aim is to build up a portflio of buy and hold investments to generate a passive income stream.