@Neil Aggarwal Pretty much all vendors in the industry use "Preforeclosure" to mean the period of time between the notice of default and notice of trustee sale in non-judicial foreclosure, or between the lis pendens and the notice of sale in judicial states (with some state to state variation thanks to things like combo notices).For the period you mention, during which the owner is simply late on their payments, those are called "mortgage late" leads or 30/60/90 day late leads.

Good rates, team, and they always have leads on people selling buildings and put together deals.

This leads me to believe my input of $1000 per unit of rental income for the one bedrooms is obtainable.

I have my first, legitimately strong lead after months of driving for dollars and I'm seeking ideas on how to structure an offer.

This should lead you to a larger supply of inventory & a smoother buying experience.

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Is it a good idea or bad idea to target pre-foreclosure leads that are occupied with the homeowner still living there?

I have ideas on building leads for a buyers/investors list.

@Mario Gonzalez NJ has a couple things working against your plan, when it comes to finding off-market leads. 1. it's tough to get a  list to mail to because most of NJ combines single and multi-family homes when the report to the list compilers. 2. it's quite competitive.

.- The Sales Contract has an inspection date that expired and is still pitching it - There is not a paper trail of proper disclosure to all the parties involved regarding the wholesale fee, state disclosures, lead disclosures, etc.- There isn't verbiage regarding assignable of contract  - Sales Contract has the wrong Seller's name- Sales Contract is a copy from a local Realtor Board that has the Seller as the Brokerage name- The written offer dollar amount and the numerical dollar amount are different- Sales Contact has one out of the two Seller(s) on the contractI think I'll stop there...anyone else?