This is something to consider for your overall investment philosophy about targeting long-term terminal cash flows that are attributable to forced or natural appreciation.  

The final sales price target could be high $100's to mid $200's for a 3BR TH in all these areas, but even the high $200's is a starter/average new home in this area too.  

well, according to Cade Thompson with Halo who did a very good presentation at Note Expo, he pointed out that in addition to the institutional lenders continuing the liquidation of their NPL assets to the secondary market, the GSE's are also beginning liquidation in 2015 and will carry to 2016: Government InventoryRecently Listed Pools of NPL will be worked-out over next 2 years with Low Value NPL sold into tertiary markets and direct opportunities for smaller investors.Origination ProgramsNew affordable housing targeted loan programs are being rolled out which should provide liquidity opportunities for smaller investors.

If anyone can recommend a plan AND I am looking for the most effective way to either create a list or buy a list for my target area.    

I found this idea on another site and I'm planning on trying this,"To find new clients, I use a very targeted direct mail campaign that has been very successful.

You can look up the age of your target audience, as well as the times they are most online, and target your posts to those time frames and days. 

They also offer a $500 estimate free landscaping fund for owner occupied in certain targeted neighborhoods, fyi

Your target may or may not be alive and may not be reachable.

While many others are spending time screening, I am making deposits.It is your decision on how to fit your business plan to meet the needs of your target market.

A great way to develop an understanding of the homes and target market may be to work for a local mobile home park, investor, or manufactured home community.