If your target list was scrubbed for equity before mailing and your mailing house ran data through the CASS certified or other address confirmation system, this means your target only recently became unreachable.After re-confirming property ownership you then skip trace this target and decide if you will mail, call or knock, or all three.

He would have no ownership, but would get the steady income stream from the mortgage payments.In my situation, I am joining an existing LLC as an equity partner and taking over the day-to-day management of the properties.  

If they don't, the county will have a process in place by which you can acquire title.When you buy a tax deed, you are essentially buying ownership of the property.However you get title, it is clear of liens other than municipal issues such past due bills for water and sewer, etc., though that does not settle the issue of possession since the previous owner might still be in the property and you may still have to evict them.So, your list source is likely to be any source which mines the public records for specific information and then sells lists of properties based on the information you select, such as tax issues.

@Wes Farmer You can usually search ownership through your Local county or City's website.

As the 6 month to a year rule for seasoning is not a Fannie Mae rule, but a bank rule, some banks will allow you to use your purchase price PLUS your rehab costs, in the first year of ownership, to determine their value.

The property was your the second you provided the funds and the deed was executed.In some counties it may take a week to get the deed back and some 6 weeks but it in no way effects your ownership 

Though the LLC changes ownership, technically the property owner remains the same (still owned by the same legal entity; in this case the LLC).I'm not sure about the double closing.

That's what I thought in my pre-ownership days, and that's why I wouldn't dream of offering a rental house without appliances - fridge & stove at the very minimum, dishwasher if there are hookups. 

At closing I personally assume the mortgage but the ownership of the property moves to my LLC with a quit deed.

I am leaning towards selling it so I can break off joint ownership with my sister.So in this regard, taking out equity from the home is worth the debt?