It has had higher appreciation than nearby towns since the pandemic and you should be cash flow neutral or slightly positive day one as a long-term rental with a 20% downpayment.Note that zillow and other websites greatly understate your property taxes. 

20% down is doable for a lot of lenders, 15% down is available in some cases but will come with horrific terms. 

From what I’ve gathered, it’s crucial to connect with local agents and attorneys since they often learn about foreclosures before they even hit public records.It also helps to keep an eye out while driving—homes that appear neglected or have been vacant for a long time often signal a pending foreclosure.If you're considering this strategy, be ready to move quickly.

I have several short-term rentals down here & am an STR expert in the area.

If it qualifies as a short-term rental, you might also avoid passive loss limits, making the strategy even stronger.If you’re considering a cost segregation study, DM me and I can point you to some solid firms in SoCal!

I've done and been a part of many Chicago zoning changes...they take a very long time and a lot of upfront money...unless you are planning to add multiple units and do a full renovation, the ROI is probably not there.

Look for undervalued properties, explore FHA loan options, and consider mid-term rentals to maximize income.

It may be possible for the homeowner to talk with their lender's workout department and negotiate terms to pay off the arrears, penalties and late fees on a new schedule. 

Long time no deals!

We actually hired our own software engineers to modify the system for what we needed, and allowed the developer access to and property rights to what we developed in exchange for a long term license at low cost.