I'm looking to buy and hold for the long run, ideally pay them off as fast as possible.

My question is how do I identify an ideal vacant property and how can I gain more leads?

At the conclusion of that effort, I'm only concerned about its value being somewhere reasonable close to the entire cost to obtain and renovate it.That said, in thinking about how to get to that outcome, it seems to me the idea of buying the note from its current holder would be an ideal solution, depending on two fundamental things.  

Once your credit is better between 1-2 years ideally then looks to refinance the property to buy out your partner.  

I live down in Texas in Dallas County and I am 60 years old and I found BP because I was still medically recovering from a brain annuerism and a stroke looking for something that is flexible, otherwise I would still be working in my own flooring company and would never have found BP.  

Whatever the outstanding equity is, you (ideally) use the rents from the Duplex/Triplex to pay the mortgage.

Ideally this will pay for most or all of the mortgage on that property so I can eliminate most of my housing expense compared to what I am paying now. 

Ideally... you would want a high income earner who isn't home much in say Lake Oswego, or West Linn, etc. vs. a 'buyer' in a slum zone in N.

Assurance and ease of closing increases confidence to pursue deals..10 days or less, ideal...

Again, I'm not familiar with the area so if there's a college town nearby or an up and coming town would be ideal.