Take it with a grain of salt or a whole carton or morton's iodized, because at the root of it every investor is different and so is every unique investment situation.Thanks for all the great insight, Sean!

I did have two called and we paid them off upon receipt of notice from the mortgage servicer/ credit union in one case.And there are many more gotchas bottom line if you have deep pockets this is fine if an investor thinks this is a no money down I dont need any money this is a disaster waiting to happen.

The same will hold true in any market you examine I am just using my own market to drive home this point. 

I never stop driving for dollars.  

a simple drive by would have probably shown the property was in the HOOD..

The only cost is the price of gasoline to drive there.

pretty sure in most any state the listing agent would be in Deep Trouble.. your recourse is to the Broker of the listing agents firm.. 

I enjoy real estate the drive and the rush for me is closing deals finding them and helping others accomplish the same.

This could drive prices up and make things worse.The better option is to buy now when there's less competition.

What mechanism would be driving such "cycles"?