We're looking for distressed assets in each class. 

Market to potentially distressed homeowners, find out how you can help them with their situation, market the property to your group of investors that you have networked with from BP and the local REIAs.

On the buyer side, my advice would be to have one or two really strong investors ready to pull the trigger on short notice, so that when you find something in distress, you have ability to place it quickly, often while earning the entire commission with no split.  

Here is the scenario..We would like to sell our home in Pompano Beach, FL and buy a distressed home that we could "fix up" to our liking.  

Everyday I drive for $$$ and send out letters to distressed properties.

Multiple distressed homes on a single lot that cannot be bank financed. 

By being fluent in both Spanish and English, I think it will allow me to effectively get my point across to a lot of distressed Latino property owners. 

We would have an entity responsible for acquiring distressed properties and selling them once they have been renovated, another entity responsible for overseeing and performing the renovations, and another to manage the properties we are holding on to.  

For example, I am looking at a triplex for 99,000 that doesn't seem distressed by any means.

  (1) Because "REO Specialist" agents are disproportionately complete scumbags, for whatever reason. (2) Nope.If the sale is distressed in any way, be it short sale, foreclosure, or anything similar, just assume the seller's side of the transaction is a giant pile of unethical snakes, until proven otherwise.