(distressed property).

Usually, made on distressed properties and might need some rehab. 70% ARV- Repairs/Closing costs = Offer price Bank Financing: The home would have to be in really good shape to use traditional financing, so this will usually be right around the full value of the home. 

Investor buys a distressed property and provides the funds to the company to do the full rehab to the property, and they then find the tenants for the property and then hook you up with property management as well.

My intention was to find distressed home owners who want to get out of their situation and able and willing investors who want deals (real 50%/70% rule deals, not pie in the sky) and make a few thousand in the process.

PPR and other distressed note buying companies are paying Pennies on the dollar for the paper.. you are going to want Par or close to it that won't happen at all not with seconds.  

I was jamming the podcast whenever I could, I started writing down every house I saw that looked vacant or distressed, attended a local REIA meeting, and even reached out to a local investor from a bandit sign.

@Arden Gist single family homes (usually distressed properties) 

You drive that neighborhood looking for distressed housing.

By that I mean a company that will acquire and sell to me a distressed property, handle rehab I pay for, and then provide good leasing and property management in-house afterwards?

Is it possible to forego the yellow letter campaign and find wholesale prices in the Southern California market?Would you look for deals on Property Radar or Auction.com?Please share your deal or experience with either.