Extremely rural is harder to sell simply because fewer people live in extremely rural areas.One of the weaknesses you show with your questions is that you have no buyers.

Another thing to note, as much as it sounds like a win win for everyone if you try and call the bank and buy the house before it hits the market, I have never heard of this happening.

I just have to be a contrarian here @Caleb Heimsoth  as Caleb states I cannot think of anything risker than remote rehab for beginners.. keep in mind the author is a very experienced real estate professional and what works for him simply is not germane for beginners I know they want to sell books on this site.. but I fear there is going to be some really sad people that try to do this and simply don't know what they don't know.. all to just save 5 to 10k  extra that a flipper that does all the work and takes all the risk makes bringing you a finished product.. you can lose 10 to 20k in a heart beat doing this if not more.. 

Low income tenants were very difficult to deal with, because they simply didn't have savings and any emergency resulted in them using rent money, with the idea that they'll catch up before the eviction was finalized.

I don’t do ACV right now simply because the cost difference is so minimal. 

So we started flipping a few houses and there were some wins and loses at first.

Meetup.com and BP are simply ways you advertise it. 

@Neil Aggarwal Pretty much all vendors in the industry use "Preforeclosure" to mean the period of time between the notice of default and notice of trustee sale in non-judicial foreclosure, or between the lis pendens and the notice of sale in judicial states (with some state to state variation thanks to things like combo notices).For the period you mention, during which the owner is simply late on their payments, those are called "mortgage late" leads or 30/60/90 day late leads.

Do your friends happen to know tomorrow’s winning lottery numbers as well ? 

Just my thoughts.Best, I agree with this... if you can have the person who is paying rent cover a good portion of your expenses.... that's a solid win.