Right now the best source that I have been able to get access to are the county news papers that are showing the foreclosure, divorce, and probate filings.

This person will be in second lien position with nothing but a piece of paper to hold you to.  

Oh and getting funding for loans under 50k is a pain.... and no one but investors are going to want this property so your exit plan is limited.But hey they look great on paper... 30k house, rents for 7-800 mo.

Managing more than 1 very low income property is a serious drain on time for an investor in most cases, but the trade of is typically the cash flow on paper numbers are better which draws people in to these investments.

And the better the numbers look on paper, in general, the worse the area you’re in.

In what order do you use lease option paper work when you are doing lease options?

No one does more than what  is in their head (or written on paper).

This would include getting lists of names from the city, yellow paper, envelopes, ect. how many people should you start mailing to for your first batch.

She agreed to not wanting the stuff verbally but it would be better to have it on paper.

You need to start papering them with a notice to cease and follow it up with an inspection and a notice to quit. keep a vigil eye on the property and add addendums to the notice to quit documenting every infraction and abusive action on their part.