What I would like to do is find a list of people who are late on mortgage payments and plan on foreclosing their house or selling to make the payment and contact them and offer a 'subject-to' option to basically absorb their debt and rent out the place until a possible refinance in the future to buy more places.

I had someone contact me about a property I own.

Hi @Patrick Flanagan - feel free to send me a DM or reach out to me with the contact information on my profile. 

He contacted us to inform us that someone would be coming to assess the issue today, the 20th.

If you remember only a Contractor's name, that is ok, send it over to me and I will google for their contacts. 

The FED and other agencies have lots of data for this.

If you need a contact in the Indy metro area feel free to connect with me.

Is contacting a real estate agent the first step or is going to a lender and seeing what I qualify for the first step?

When I bought the property for $115k back in 2014 I knew the neighborhood would change over time and lord has it.  2 houses around me were torn down and new builds on the same sqft and style have been built at the tune $290k each, recently sold so the data is solid. 

@Robert ReineriYou should contact your plan provider or CPA to discuss the details.The tax impact is the same regardless of which route you choose.