It's also very difficult to move to a new city and quickly figure out where to target and find a deal.If it takes you 6 mos to source a deal and another 2-3 mos to find contractors to get started, you'd be looking at a lot of nights in an expensive hotel.While this may make for a great experience, it's not likely that you'll make much money doing it.

If I have a small list (200 letters or so for my really targeted niche list), I'll still DIY it.

Check out --http://www.lonestarlandlaw.com/Lease-Options.htmlIf you're looking to find Sellers and dont have much money, then to get started you can generally stick to the traditional methods of scouring craigslist ads and other websites for sellers that are renting or selling their own home, making bandit signs to display in your targeted area, networking, handing out business cards, placing an ad in the local newspaper, driving for dollars, sending personalized letters to specific targeted houses, and doing some minimal direct mail marketing in a focused area when you find a good deal on printing/shipping.

Should I just target the petitioner? 

Sent to a very targeted small list.

Hi, I'm a newer investor and plan to target Short Sales and Pre-foreclosures.  

With a $190k rehab budget we're right around your target number

We've been testing long open house events, 10a - 5p daily, with targeted Facebook and Craigslist advertising which we've found to generate a ton of traffic and leads.If you know of anyone with opportunities please PM me.

Or if you have target to pay off early you can go for ARM product which will save little more on interest rate. 

Who is your target market?