Contingent on the location, a tear down could work (different ball game than flipping).

You have to expect holding and transaction costs that typically run in the ball park of 10% of the gross project value.  

This is where a low low low ball offer is appropriate. 

When you make a low-ball offer, you might worry about making the seller mad by offering too little and insulting them.

Every time I got up to that plate in high school hoping to hit a homerun, I either struck out or hit a fly ball.

However, it’s hot here and so is the temperature, haha. 

If anyone has any insight or tips on how to get the ball moving, I’d appreciate it very much!

Lowering their temperature certainly leads to longer term tenancies. 

The money at the end, even with 5%-9% Cash on Cash ROI, is spectacular from my perspective.Getting that ball rolling is the key...So Property 1 (here is where I ask my questions)...Buy a Foreclosed or Dramatically Reduced (Not in this market) PropertyIf we can pay cash at this point, we should, I get that bit, but CAN this be financed through a bank?

Probably not that much.Neither you nor I have a crystal ball to see where the economy is headed and what will cause the next downturn, but I'd be willing to bet that when it does happen, the self reinforcing cycle of job lose you mentioned will happen, because the financial market is made up of humans who make sub optimal decisions with incomplete information.