Thanks everyone for the input - I like the different methods and ideas put forward on this forum.I've started a blog on BP as @Isaac Guzman recommended.

This it true for any untargeted marketing method such as signs, billboards, etc.

Other people use wholesaling or flips to fund their rentals :) There are tons of methods you just need to find what works best for you!

The average agent is all about getting listings, then living on the put, put, pray method - put a sign in the front lawn, put it in the MLS and pray another agent comes along with a qualified buyer.

If you can, selling to a local, you can seller finance it, Sub-to, lease-option or select a method that gives them control and an interest, this would be a commercial transaction so long as they aren't moving in.

Heck there are 103 podcasts describing people's different methods! 

Actually, we all should have relationships with multiple realtors regardless of our method for locating deals. 

I do need to take the time spent and risk into consideration, so a finder's fee and carried interest split seems like a fair method.  

Methods may not be taught in the beginning, what you learn is the basis for everything done, what rights are held, how they are assigned, transferred, what rights are conveyed by an option, why tenants can't do some things.....it just makes everything come together when you read methods used after you get the basics.

I doubt you could find a flip candidate in the Bay Area on MLS, unless it's a demo/rebuild.Most rehabbers use wholesalers who have creative methods for finding the diamonds in the rough.