Another advantage they have since these lists are typically directly compatible with a mail merge system on your computer or through a mail company.As for the types of list I recommend: Absentee mixed with owner Occupieds.

Commercial lenders typically extend terms up to 20 years not 30years.  

So here are some of my definitions:Cashflow Properties:Investing for Rental IncomeHere is a typical example: a house built after 1980 with very basic fixture: carpet floors, linoleum floor in bathrooms may be found for 90k-140k in an area where it pays $900-$1400 per month.

For example, I got a call on the Holiday weekend at 6:30 PM reporting an emergency/urgent leak.

Always do the math analysis on a prospective property and try to look at it of at least have a clause in the sales contract that allows you some time (about 15 days) to make a detailed inspection and possibly walk out of the deal without a penalty that will hurt you too much.The thing you also should do in the beginning is to have a Team put together that typically have an Attorney, real estate Agents, a CPA (or accountants), Inspectors, general Contractors, and Handymen.  

I am now trying to get back in the game and utilize the skills and experience I have to rebuild my portfolio and to start rehabbing again which is my passion.I would want to hear from anyone who has any leads on properties that are for sale, any reports that I can review for Marketing: probate, divorce, pre-foreclosures, foreclosures etc. 

Typical bank draw cycles are at least 30 days plus a few days for the bank to process.If your contract stated payment immediately upon completion then you have a solid argument.

On the Condition Summary Report on listed HUD properties......

That typically is investors.

There are a few larger rehab companies in the area who can afford to flip homes at a lower margin that your typical one-man rehabber/investor.For speaking with motivated seller off the MLS, I think 70% of ARC minus repairs is the best rule of thumb.