Foreclosure Properties

[Jeremy Collins]

Hello,

   Quick question a friend of mine and I are looking at a couple foreclosure properties in Iowa that we are interested in, rentometer.com rates them at between $800-$1200 a month rent, if we do a mortgage we are looking at $400 for the monthly payment.  My question in, if we wanted to buy the note from the bank, or use creative financing is there a way to do that?  We live in Des Moines, we would be using a management company to run these and screen the tenants, the properties are in great condition, just some general painting and cleaning and they are good to go.  Any suggestions?