I looked at a mailing list generated for 2 of the zip codes there and was surprised how many homes are owned outright or have been owned by the same person for many years.  

Once you generate enough capital you can opt to purchase MFR without help of hard money lender or continue to flip properties using your own money removing the hard money lender from the equation.

I am looking to invest some of my profits this year in income generating real estate in South Florida.As I am new, I am limited in fund and borrowing ability.  

Even MLS generated CMA's from realtors. 

My overall plan is to flip houses while slowly adding rentals to my portfolio to generate some passive income.

Like writing something that's asking them are they looking to get rid of their property and/or looking to purchase more.Or just send the regular age old "I want to buy your house cash, close quick" blah blah blahAny help, comments, or opinions is appreciated in advance.ThanksMy experience says make the message sufficiently broad so that the phone rings, even if it generates calls from interested buyers. 

Go start calling all your banks.Bank SearchThe portfolio lenders will have the ability to maybe fund something outside the box versus a bank that just generates paper and sells it off.If you get a bunch of NO's the banks sometimes still know private sources of capital or non-bank lenders that might fund your deal.

I am interested to hear from you experienced Chicagoland wholesalers some of the hottest areas for wholesaling, those not yet saturated if any, and your most effective marketing strategies in this market? In your expe...

I haven't had any feedback that the price was too high but I dropped it after 45 days anyway to try and increase the activity and generate an offer. 

This will allow us to continue the company's growth.We still have a wholesale business (plus a couple of buy and holds) so I'm working with the rest of the team ensuring that we're still generating wholesale revenue (And any one of the deals can possibly become another rehab project for us).