The numbers: - Owe 418k on the rental house (it used to be my primary home) - Market value is probably 650k (my neighbor's house, exactly the same sold for close to that amount) My thoughts are - getting a line of credit and using that to fund new investments will just lead to lower cash flow per month as I'd be paying interest on my line of credit and and any other loans.

. :)I'm currently doing some research on investor software for property searches and analysis, as well as lead tracker and advertising.  

If you owned the home for at least 24 months (2 years) during the last 5 years leading up to the date of sale (date of the closing), you meet the ownership requirement.If you received Form 1099-S, Proceeds From Real Estate Transactions, the date of sale appears in box 1 of Form 1099-S.If you did not receive Form 1099-S, the date of sale is either the date the title transferred or the date the economic burdens and benefits of ownership shifted to the buyer, whichever date is earlier.

Lead paint?

Pretty much I'm repairing these properties with my own cash and using his investor leads to sell. 

I've previously had some success direct mail marketing to probate attorneys for leads on distressed properties.It was over a year ago but it did produce 1 deal worth a $10k assignment fee on a distressed property.The one attorney that responded gave me that deal and referred me to another attorney who had a similar deal.

I would like you attend if you can to see how you can implement mailing to probate leads, which in my opinion is the truest motivated seller leads I have ever come across. http://probatedata.netThis is the company I buy leads from, and we thought it would be a great idea to inform others about their platform, and to hear a little bit about my success with probatesBernie

I spent $80 on leads from Listsource, $1460 on postage, $60 for postcards, and flipped 4 properties in 7 months with no money down.  

I'm interested to know what are some of the best strategies or best types or properties to look for when I start searching for buyers and generating leads.

For example, research supporting why you're focusing on homes in the price range of $100K-180K, why you plan to market your properties through Craigslist, etc. because someone other than yourself may be looking at your plan at some point and they need to know the method to the madness.Good points to research are:- How fast are homes selling in your target price range- What is the median income of the local population- What is the median family size of each household- Where are the best neighborhoods located; best schools- Marketing: how are you going to convert leads into sales?