I ask because we only buy houses around the southern US (TX,OK,AR,TN) but we're curious to know if more opportunities to buy foreclosures could potentially exist in other markets. 

You might also consider house hacking or a local deal first to get some hands-on experience before managing remotely.

I have my dad’s house (he passed 2 years ago) and am wanting to rehab it & rent it.  

Because EVERYONE wants to sell their house fast.People who list on the MLS want to sell their house fast, people that want to sell their house FSBO, want to sell their house fast.

•For your next purchase, check if you can leverage FHA financing again—it’s one of the most powerful ways to scale quickly.Resources to Learn More•Due on Sale Clause & LLC Transfers: Nolo.com•FHA Loan Rules for Multiple Properties: HUD Handbook 4000.1•Scaling from Single-Family to Multi-Family Investing: “The House Hacking Strategy” by Craig CurelopHope this helps!

No taxes, she got to keep the house and no stress about income.

The stone elevation can be expensive but will really move a house quickly with the added curb appeal.Some things I like to add for not much extra cost..

I have 9 partners on the mountain house at $117,500 each, and 10 partners on the beach house at $110,000 each, and I am currently looking for a few more partners on my jungle house near La Fortuna at $110,000 where there will be a total of 7 partners. 

It was the Peak Housing Reit by the Peak Group for those interested.

IE - if any units are receiving Section 8 vouchers or other forms of housing assistance, Freddie & Fannie only look at the tenant paid portion of rent when determining whether or not the unit is Mission Driven @ 80% AMI levels.For example, let’s stick to the 2-bedroom $2500 Mission Driven 80% AMI cutoff example above.