Of course, myself I focus on a 5 year term to hold, so that I can continue to step up with appreciation and cash out more capital to acquire properties that do better then $100/door.  4 Plexes at $100/door make a significant impact, imagine getting 30 of those under your belt?  

He needs roughly about $30k to acquire the property.

It does have to do with the type of financing that was used to acquire the property.

I think this is a great flip, but how do I acquire it if on zillow it says it's off the market and the bank now owns it?

@Maxwell Lee  Well, it took me awhile, and I actually acquired another property in between, but I have decided to sell this house and look to move up to a small MF or similar.  

What i want to figure out is the best way to approach acquiring the property now that i have info others don't and before she is convinced to sell.Will sending yellow letters be a good starting point?

if I see a home for sale for example on craigslist for $42,000 how do I acquire the true appraisal value of the home so I can compare it to the asking price?

I recently acquired a property through my first mailing and wanted to know how long I should wait before targeting that same county again.

It will be my pleasure and totally honored if you could provide some type of link or ideas on how and where one could acquire what you have adequately expressed on your statement above.Thanks Matthew.

They will likely prefer a property that they can acquire for .70 cents on the dollar, since they will still need to have sufficient margin (aka: meat on the bone) to still allow for a profit after title insurance, financing fees,  property insurance, fix up costs and holding costs have been factored in.