Sales comps are in the $150k-$180k range. 

You will be lucky to get 1-2% reply, most likely much less based on emailing for years, so if you are in the 5,000 range, you might get a few leads, which can pay for the cost of the leads.

This is the kind of PRE-FORECLOSURE scenario I am seeking, however this one is well outside my target price range and target location (Fort Worth, TX).Thank you,Alan

I'm getting answers ranging from 85$/sqft to 165$/sqft. its a little frustrating...

Do you only deal in $1M+ houses or do you ever deal in some in the mid-price range?

Something in the 100 to 120k range that needs some TLC (I live in DFW btw). 

Flipping is one way (getting an option contract and selling it to a rehabber).For low equity deals, consider:Buying on Sub2 or a wrap and renting, or lease optioning.Do a lease option assignment and assign.Like @Will Barnard said, get an attitude of solving problems for sellers and "don't be a one trick pony".If your marketing to home sellers gave a range of issues, then you could give a terms offer with a low all cash offer.Think of your first priority is finding a motivated seller, and asking the motivated seller questions like...Asking About The Existing Financing: Do you own the house free and clear?

I dodged a bullet - the condo I missed got hit with a special assessment of $10,000 for replacement of the stairs in the building, about half of the owners could not pay that and got foreclosed, and the listing price on those units 9 years later is in the $25,000 - $30,000 range.

I ran the numbers and offered her a price range which she agreed to.

It's awesome that we were able to get such a diverse group together!