And to do so, you try and target motivated seller whether those be owner-occupants or landlords.

Owner-occupants are not involved in the rental pool, and they often use bank financing to buy properties- that low cost of capital allows them to pay more for a home, which increases property prices(and the price/annual rent ratio.)In an area characterized by higher rental demand and fewer owner-occupants, investors primarily own the homes, and of course we investors usually pay less for "rental" properties than owner occupants pay for their homes.

A lease or other written evidence to verify occupancy is required.

We were uncertain how much "supporting documentation" would be necessary as we anticipate about $25K of necessary improvements to reach "available for occupancy status". 

This would save the occupant from a foreclosure, and could get you a nice discount on the note.  

Would you be owner occupant financing it?  

Found this article in concerns of a law passed in the Las Vegas area in regards to squatters or "unlawful occupancy".  

You'll never find a landlord or occupant with $55k in cash.  

HUD properties are difficult for flips because they heavily favor owner occupants as buyers.Hopefully, I'll catch up with you on the 16th.Cheers,Wm

Direct mail to owner occupants is a loser unless you target specific groups.