ThanksI'm interested in abandoned houses because I figured the owners of those houses would be the most motivated to sell.have drove around wrote down some addresses of properties that looked vacant.

Dear BP,My county has a court calendar and I am able to sort by a hearing list foreclosure docket. 

to locking in my first deal.And then a HARD NO.SUMMARY OF WHAT I LEARNED: This was NOT a motivated seller.So "options" or "sales contracts" were out of the questionI think that was it in a nutshell. 

I have portfolio of properties with no leverage, and I have considered using Hard Money Loans (HML) to create some cash for additional opportunities.  Thing is, there are more than 100 listed on BP for So Cal alone.  ...

Talk to all sorts of people see all kinds of houses and have a notepad full of addresses.I read the Ultimate beginners's Guide.

If there is indeed a receiver appointed it suggests there is already a court action pending and someone has stepped in to make sure no more money is taken and to handle the day to day affairs until things are sorted out. 

I don't expect to see any sort of return for several years, but it seems nice that other people will be paying for my property for get better.If I were to finance 100% of it the P&i would be just about 1000 for 15 yearsI'm trying to apply the 50% rule.

There are too many variables here to answer the question with any sort of accuracy.

I'm starting to view this as an auction of sorts in the way things are happening. 1-How do you keep up with this dynamic of properties to get out and see them when the cycle of on-market-2-pending can be so quick?

She definitely has a financial motive to want you to purchase this property.Your desired rental price after renovation seems high....simply based on the percentage increase from where it currently stands.