Since they are often ready to downsize or transition to assistance, it's a good target for off-market leads.

It's a lot easier to take a 'NO!'

Build your team, and equity partners make deals much easier to obtain, but be a team player.

The electrical is a little easier to tell.

Do you have target states you want to invest in?

Would getting a commercial loan be easier?

Every podcast I listen to always encourages to "just do the first deal and it will get easier after that".

It will be easier for you to sell the property if needed and you will have multiple options to do so (IE seller financing).This is a slower process than most of the ones discussed on BP, but depending on your long term goals, it could be very effective.

Craigslist ads (post about twice a day and reply to every for rent post in your target area), Direct mail (send letters/post cards to every foreclosure filing in your county and then follow up with them again about 3 weeks before the foreclosure sale is set to happen), Drive for Dollars (when you see a house that is in need of repair, knock on the door, ask about the owner's plans).

My recommendation is make a decision based on your target cash flow and target equity.