I was looking for something that was really low risk, this house was really cheap & the amount of work that it needed was minimal.

We just made an offer on a multiple properties, one has minimal work to be done, the other is a massive project. 

Pros: Fast closing, minimal documentation and analysis, and can be used on unbankable properties (deferred maintenence, tax liens, cloud on title, etc).

3) Are there other ways (online and free or for minimal amount) where I can find email IDs of motivated sellers rather than only addresses for sending the post cards (I know post cards work very well but just thinking if there is some other way)?

Now the cost of those things above is very cheap as there is minimal involvement with me personally.

As Jordan mentioned, your most realistic and practical route is to secure a W2, save your capital, build your credit, and minimize any outstanding debt you owe.

Admittedly, I'm not real educated on the ins and outs of your question, but I'm also asking myself those same questions and calling off-market properties to pitch seller-financing or subject-to.

The idea that you can build wealth without putting any money into it is a recipe for disaster and the sales pitch of gurus trying to steal your money.

The idea that you can build wealth without putting any money into it is a recipe for disaster and the sales pitch of gurus trying to steal your money.

If so, how can I be added onto the title of a property while also minimizing any tax or capital gains...Any help with this question that would be greatly appreciated.