I have been put in touch with someone that wants to sell 3 distressed properties very cheap.

Something we haven't seen a lot of, that I 100% fully expected to see, was certain 2005-2007 mortgages blowing up in people's faces, causing large amounts of distressed sales. 

Step Two:Drive around and take note of (and photos of) any and all vacant/distressed/abandoned houses.

Finding distressed properties that fit the BRRR mold is very competitive.

I have been an investor in St Louis for over 20 years and I also invest in Chicago.The key is knowing how to find 'distressed' properties (undervalued).

I'll be buying another distressed small multifamily property within 2 months, repair it over the winter and have it leased this coming spring/summer.I went to the University of Minnesota and received a degree in Construction Management knowing that I wanted to get into real estate investing.

By that I mean a company that will acquire and sell to me a distressed property, handle rehab I pay for, and then provide good leasing and property management in-house afterwards?

Realtor and investor in Washington specializing in distressed properties throughout California. 

The acre seems to have a lot of distressed stuff coming up.

A distressed seller or property may have a depressed price, but that price is the market value when the conditions of the sale meet the market value definition.