In the low cost neighborhoods like this you'll be hard pressed to find a well organized contractor doing enough advertising that their message gets all the way out to you.

Assumed contract from another investor and sold after minimal advertising How did you find this deal and how did you negotiate it?

AS @Alex Bekeza   says these guys prey on those who simply do not know what they do not know and here is WHAT to know.THERE IS NO PRIVATE MONEY AT 5% period unless its a direct relative or friend you know.. and NO one advertising lending money is a private lender..

So the broker is advertising that it is currently producing a 5% return for an all cash purchase, but has the potential to produce a 6% return.That isn't to be confused with the Cash on Cash return which is generally assuming leverage. 

Here are some additional items you WILL need:Executive SummaryPrivate Placement MemorandumSubscription AgreementBusiness plan and Operating Agreement for the LLC or CorporationFORM D for the SECIf you go for a 506(C) you can advertise but have to vet accredited investors.

., will do.I've been in similar situations with 4-5 roommates, it just takes the right advertising and screening for people that are compatible.

That also reduces interest in the house.Make sure that the auction is NOT advertised for a popular, everyone will show up time like 10 am Saturday. 

Already occupied so didn't have to advertise.

Also, look for where people are advertising vacant units in your area (zillow, CL, etc) and you can get contact info for PMs on there.

Court order then advertise in the public paper for three weeks.