We were looking at a property that was listed a month or so ago on the MLS for about 150k, which was overpriced and the numbers did not work well for cash flow.

Which lists would you of mailed more to?

I pulled a list from my county of all code violations from the past year and had them all scrubbed by a freelancer who created a spread sheet with all of the homeowners info to mail to.

so I pulled a code violation list for my county and about 600 of the 10k violations say that the houses are vacant in the description of the violation.

In MD you must wait 6 months before starting foreclosure and the foreclosure itself takes 6 months to 1 1/2 years.I started by going though the leftover lien list in Baltimore city.

I'd love to hear your opinion on a property in Indy southeast suburb, the address is 9610 Pentecost Rd, Indianapolis, IN 46239, listing price is $59,900.  

I had 2 offers the first day we listed it for sale.I still buy the lower priced ones and rehab them but then I hold them as rentals.Sort of a rule of thumb for me is anything under $100k = rental above $100k is a potential flip.It's a bit of a slippery slope though because I avoid higher end homes which would be $400k+ in our market because they are harder to sell and I don't want to get stuck with one in a downturn.

NOI = $6,592Property tax $200Insurance $300 (This is not an exact quote but from reading expecting $200 - $300 -- Trying to stay conservative)HOA $540 (Although there was no HOA actually listed I went with similar neighborhoods HOA fees.)Maintenace $1,200 (The home looks updated so wasn't really sure how to estimate this.)3.CAP = .104.Cash Flow = $3,773.32This is based on a $51,920 @ 30 years @ 3.56%5.Cash on Hand Return29%If these numbers are a good indication of what to expect how do I do that thing where I get in with no money down?

Most of the time any deal that you have done before building a buyers list needs to be a great deal!

I always see that using an MLS is a highly effective method to building a strong buyers list.