I understand and respect the scaled up investment model, and can learn a bunch from it and its practitioners, but small, simple, high control, low overhead, low risk, low headaches by design is the way I roll personally ... although that occasionally bites me when I cross that line between frugal and cheap with johnny lunchbox type contractors :)

You always want to make sure that you have the property insured while you have it in your possession.

You’ll literally step right through the floor if you’re not careful.The house on Berry Bennett happens to be an 86 model with particle board floors.Also, mobile homes don’t use the same ductwork as regular houses.

I have that exact model in another unit and it's what I'm trying to avoid.

The sheriff is scheduled to make a Writ of Possession tomorrow.

Great business model.

I am in the process of putting together a business model that can replace my "job" income and build wealth for me and my wife and ultimately my children.  

To avoid anchoring on the $500 number, I want to clarify these would be leads that:Have all but agreed to sell their propertyHave given a fairly low price compared to marketIs highly motivatedIs looking to sell immediatelyRealistically, most "leads" would sell for $50-$100 - this is someone ready to pick up on the other line to hear someone make an offer on their house,  with you as the wholesaler equipped with some other basic information about them and their needs/wants.I'm not sure which sites you're referring to, but from my experience in using Listsource and Melissadata, I expect to spend at minimum ~$100-500 in mail to get a call back, not including the cost of the list itself, without any sort of information on the potential seller, which leaves me at a disadvantage from a negotiations standpoint.Regarding your mentioned model - we're definitely exploring the option of:Significantly reduced cost per lead with profit sharing models for the more risk-averse individualsNo upfront cost/lead, but higher cost/lead if a bulk of sales ends up in a salePete

Once I'm funding things 100% on my own, I can see me moving towards the model of paying for nearly everything.I also enjoy the hands on work.

As a MLO I see that it can be a business model and help people navigate this nightmare.