Sophisticated CRM and follow up systems.3. 2 to 3 or more closers ( real people that the second the lead came in they were pounding on the door) now you will have others on BP who qualify folks on the phone and only work the with most motivated.. and I suppose that works were you have little competition or your competition for inventory is not keen.. these folks were in bigger MSAs.4.

Keep in mind that rentals also bring tax avoidance strategies while flipping a house can mean taxing that as income. 

What are other alternatives to find motivated sellers?

Inquiring minds want to know!

I’m also going to add a list of 400 new motivated sellers every month to continue to contact monthly & build my leads up.

Unless the seller is extremely motivated would you do that deal yourself?

If you can't, the 10% management fee is generally a bit high, but I'd keep it because you need to hire a motivated and high quality local property manager who will take this on.  

Agree on most of comments - step 1 is understanding the seller motivation.   

I've run into one of these where someone has the home in trust or was just holding it because they have no motivation to sell.

What I had in mind was buying an apartment complex of over 500k, putting the 200k as 20-25% down payment so I could get a higher price/quality deal.