@Jody Sperling You my Darln are a gem!

Maybe the idea is just to look long and hard to find the gem. 

I didn't appreciate it at the time, but the lawyer was a gem.

Their are several older folks on fixed incomeS with section 8 who are hard to find but gem of tenants. 

But what ever you do, do not shy away from driving for dollars , because that is where the gems are..

As you mentioned, there are usually hidden costs associated with REO properties.

Jim, Haha D4D is rather time consuming I would say I spent about 6 hours the other day and got what I call "LEADS" haha but I would say out of the 200 or so leads there's 8 potential gems you know.... the ones with boards on the windows and tarp on the roof kind of ones.

If you can find a gem in a hot market you can get quick appreciation and refi opportunities, you just have to know where to look or who to have looking for you.

Biggest roadblock for me is being able to figure out the best way to vet these properties to make sure there is no hidden liens or anything that would kick my butt after a purchase.

Summary of the entire discussion thread:Need to go through, which seems to be a real gem: https://www.biggerpockets.com/....