So I quit my job and began this vast undertaking on my own, with the help of my elderly dad who is a wealth of construction knowledge.

Location is great, loads of potential, however, it is quite the undertaking.

When they do become available via costar, MLS, or direct contact, they're usually a lot more work than the normal investor is willing to undertake bc the starting cap rate is on the low side.

The seller is now undertaking a secondary foreclosure which will clear these (eventually) and our title company is insuring without exceptions.

The fact that they determined Phoenix to be the ideal market to undertake this endeavor leads me to believe that the economics of the area will lead to more organic property price appreciation.I'm interested to see which other markets they dive into with this business model, those future metros may also be considered favorable investment zones for flippers as well as buy & hold investors.

Rehab a property to increase the chances of a quick sale at the highest possible priceYou need an experienced rehabber to partner with because the $300K budget is too much for a newbie to undertake.

Another is  Owners with Low Financial Stability Scores (FSS).Consider focusing your letter or post card on the recipients and mention benefits of working with you rather then the traditional realtor.Selling your home can be easier than you think.No need to fix it up or re-decorate.

For one story structure today you might get away with $150 without other improvements and appliances.Before I get that far I would question if you want to undertake that big project and whether you have the means to complete. 

However, Unless you have a great contractor under your belt and a good idea of how to split houses I would not undertake this project.

. - I will ask for seller financing - apparently, there will be other issues to deal with - so better have all your monies available to undertake the works.