@Craig Peterson People with not a lot of time who like the higher returns, cash flow, tax benefits, debt pay down, appreciation, and control, but don't want to do a rehab.It's true the returns are lower this way but you don't have to spend a lot of time looking for off market deals, you don't have to go through extensive renovations and tenant turnover, and you have cash flow from the beginning. 

I target a good amount of probates as well, but did not purchase this list from ListSource.I have been receiving calls, as well as a decent amount of mailers returned due to incorrect address/name. 

Just remember: If you spend a ton of "time" doing activities that do not yield you the BIG returns (ie, finding more crazy awesome deals), then you could miss out on the next one.

Incredible returns, no rehab or maintenance needed, and you can buy/sell all over the country, from anywhere (get started now from Melbourne).

Then return to the seller and renegotiate the price, if you pay in Cash.

I think a 15% return would be ideal.

It could literally be $100,000 or $0 depending on how good your deal is.What I would do is negotiate the best deal possible, then find out what the market is looking for in terms of a minimum return.

And if your agent misses the call or doesn’t return the call (likely)then you miss a showing and potential buyer.

If you could make the payments and wait until the prices return, you would be ok, but what if you can't and you need to sell at a loss.

Incredible returns, no rehab needed, and you can buy/sell all over the country.