The only motivated sellers have been duplex's in bad neighborhoods with the same zip as a few good areas that I mail to.

The leftover funds will remain in the account to be used in the future for repairs, vacancies, etc.

Bronx and Westchester, NY Prefeably SFH median price range, preferably distress and motivated.

If you were dealing directly with a motivated seller, wouldn't you want to go straight to P&S?

It depends of the note, rate, payments remaining, payment history, property (and condition) as well as the strength of the borrowers and operations.

Would be (have been) cleaner to have been splitting the payments 50/50, that way you would have each remained 50/50 partners.

I suppose I will trying to impress cash buyers and motivated sellers to start...short sighted?

There are risks, as a year or two of recent taxes may be due, plus any governmental liens, assessments and HOA dues remain with the property.

The end goal depends on how you approach the seller, what you say on the phone, and how the deal is negotiated and structured.Finding a motivated seller is the key to a creative deal, whether it is a CFD, LC, LO, LT, Wrap-AITD, etc.BPs is the place to learn about all this stuff.

if you r looking specifically for tax lien properties there is no one website that lists properties that have liens against them. this is actually how i invest. you need to contact the tax collector for the town you want to research liens in. you need to get the most recent tax sale list or upcoming list if its i the future. if the sale has passed you need to have them give you the results of the sale. which properties did have liens placed against them. if its a future sale, i would plan on attending it. you can buy some liens yourself if you would like. however, at the very least go there to record which liens were placed. once i have my list, i check with tax collector to see if there are older liens on a property. e. g. if you have the tax sale list for 2012 i'll ask if there are any liens prior to 2012. you do this so that properties that are coming close to the foreclosure date, you can heavily market to. these owners will be more likely motivated b/c they are close to losing their property to foreclosure. back to websites, most tax collector offices will either mail/email you sale list. also a lot of times, they are posted on regional paper (ac press, ap press, etc). occassionally, you will get lucky and they'll post the tax sale list right on the townships website. hope this helps. sorry for length.as far as foreclosed properties, you can just google foreclosure lists, and im sure you will find some. most of the ones i have seen require a monthly fee. you could also use a realtor, zillow, trulia, or other listing sites usually post foreclosures.