If you feel like you can succeed with direct mail and get the houses on the cheap, then you'd have to find out what to do with it after you got the property (fix&flip/wholesale/buy&hold).

What is the minimum profit you are willing to accept in order to buy and hold?

I am interested in flipping (short term); and eventually doing some buying & holding.

Offer them a substantial non-refundable option fee to show I’m serious, deductible from purchase price, then use the option period to either find a cash buyer to flip it to or find suitable financing for myself to hold it.

So how do I structure the deal with Hard Money Lender if I am using this as a buy and hold rental?  

For me, it is working out nicely because we flip and buy and hold. 

Mine holds onto the original docs and handles the amortization, interest and payoff calcs for you and the seller.  

Better tax advantages if you hold them in IRA's etc..  

Pretty crummy tenant situation on my hands. Had to post an eviction notice on Aug 10 because tenants had failed to pay $1700 that was due on Aug 1, couple is going through a divorce now, and I got them to sign a form ...

3) Travel the world4) Help othersI'm particularly interested in building wealth through the Buy and Hold investing strategy.BP has been nothing but awesome and I look forward to meeting many people on this site.