@Dev Horn says the secret, if you can call it that, is knowledge and motivation.

If the case is good, they'll file -- they know of the existence of one asset, the house, and that's usually good enough.There are all sorts of strategies like sham notes or Nevada LLCs that are supposed to capitalize on this strategy.

FYI - I recently posted this in another thread - might help you get your head around what it takes to start a wholesaling business ~What you need to get started is:1) A process2) A teamKnow exactly how your process will work:a) Meeting cash buyers & understanding their needsb) Finding motivated sellersc) Evaluating propertiesd) Calculating offerse) Testing the water with your buyer(s) if necessaryf) Negotiationg) Closing via a contract/agreementh) Assignment to a cash buyer via another contract/agreementi) Receiving payment at closingFor your team, you'll need to know:a) Cash buyers, of courseb) Real estate agent(s) or broker(s) - provide comps, MLS opportunities, etc.Perhaps also,c) Title company (good to have but more important for cash buyers; but you may want one to hold earnest money in escrow)d) Attorney (required in some states)Best of luck!

Say I get a lead from a motivated seller.

My guess is some sort of municipal incinerator for trash?

Seth Williams good question, I just wrote another post about this sort of scenario for another person in Michigan.

I believe you'll have to sign up somehow to report information to them and I'd imagine there is some sort of landlord screening process and requirements to make sure that random people don't just sign up and send them faulty data on tenants.http://www.experian.com/rentbureau/renter-credit.html

You will be there with a couple of hundred eager and motivated albeit a little skeptical people who want to be millionaires from flipping houses.The seminar will be a great presentation making you hungry for more.

Many of these owners are motivated, but the pricing at where I need to be is not there.Having done comps on some of these deals and the prices they are looking for, they could be easy and quick sales on the MLS.Great Advice guys.

As we grow and things get a little more hectic I am contemplating some sort of assistant to help with marketing, daily tasks like phone calls, acquisitions, etc.