It's a long-term learning process, but an interesting and often profitable journey - best of luck to you!

I want a good turn key property that can be set up with a management company and I would like to repeat this process at least two or three times this year. 

And you can do it with little cash, 5% down conventional is better than 3.5% FHA.House hacking also gives you a chance to cut your teeth in all major skills: analyzing deals, buying process, financing, working with contractors, advertising for rent, background checks, property management.

Maybe it's a processing fee, an application fee, etc?  

I am in the process of suing him and just finding out now that he's done this not once, not twice...But 4 times AT LEAST.

The systems you have in place to handle leads, follow-up and your sales processes are also huge factors.Another factor is what is your monthly marketing budget?

We got a bit delayed in the permitting process...We had to get a geotechnical report done due to a slope on the back side of the property, but are now back in process again.

Actual foreclosure is on the East coast a Sherrifs sale and you can google the state and sherrif sales and the rules will be on the websites.. but its one of two process's either it requires a non refundable deposit if your the successful bidder or you need full cash at the sale.

I do have experience working in Mortgage Processing and more recently Commercial Underwriting, so if anyone has questions in those areas I would be happy to help any way I can!

I have actually done this and can say that it is a pretty complex process with many rules.