Also, Desoto has better public schools compared to Memphis so that is a draw to many renters.Memphis is great, but check out Horn Lake, Southaven, and Olive Branch in Desoto County as well. 

(I'm not familiar with Illinois probate law process publication)This classified will give the decedents name and case number. 

Gross income.Problem with using net income is you would end up thinking the person with a $500/mo health insurance plan is more stable than the uninsured person spending $500/mo on vodka, since health insurance shows up on paystubs but vodka does not. 

A goal of 8% that you provide with a secured asset bought right in 1st lien, especially given public market volatility, is the case you want to make to not only those in your area at REI's, but also corporate professionals and business owners looking to round out portfolios and play some defense. 

A lot of this can be done by your agent or yourself digging into public records, which doesn't cost you anything and offers a lot of extra protection by allowing you to walk away during that period if you find something.

A lis pendens is an official notice to the public that a lawsuit involving a claim on a property has been filed.The types of are are as numerous as the stars, depending on what state and county you are in.

@Scott Kays Another advantage of using land trusts - they give you a layer of anonymity (not liability protection) that works great with the LLC (which gives you the liability protection), and keeps your name out of the public records (supposedly, you still have to be careful, e.g. with the title mistakenly recording the trust documents too).As I mentioned, be careful when choosing to use a Quit Claim Deed - to maintain your title chain, you have to do it through a more expensive Warranty Deed (which might be another reason to use land trust, just check how they work together):A person receiving a purported real estate interest via a quitclaim deed may receive no legal right to the property whatsoever.

@John CoreyI just came here from Texas where the notice of trustee sale was posted anywhere from 60 to 14 days prior to the public auction on the counties website.

Local health department can tell you about septic tank requirements. 

You can also buy lists from companies like list source and there are some REI software companies that have a cash buyer search feature.Best way to find motivated sellers is to purchase lists and compile lists from city and county for 60-90-120 days late on mortgage, pre-foreclosure, delinquent taxes, water cutoff, code violation, probate, divorce, high equity, etc. and mail or cold call.Other free methods are driving for dollars, door knocking, wholesalers, craigslist, Realtors, FSBO sites, expired listings, foreclosure sites, put out bandit signs, If you have the funds you can use billboards, newspaper ads, other offline publications., TV commercials, radio ads, do pay per click/adwords, facebook, Linkedin, Youtube, and other forms of online advertising and boosted/promoted social media postings.Bottom line is consistency.