Now a bank will have cut and dry rules... so either partner with someone and bring something of value.

The rental market slowed but never dried up here.

However, I have recently spoken to our internal underwriters about this and know it is not that simple or cut and dry.

Has 4 beds, 1.5 bath, basement is clean and dry but not finished.

It targets the babies and dries them up which breaks the life cycle. 

To get this, if I can get it, I'd be paying more than those combined debts/liens, so hopefully the only ball they'll play is settling up from the excess foreclosure funds. 

Have no idea how my contractor got that out or how it even dried in the first place. 

Something that's not mentioned on this forum much though- watch out for midwestern markets that cash flow well w/ respect to price:rent ratio, but have an excess of rental housing supply relative to the tenant pool.

By doing this, you will hopefully have increased the value of the property in excess of your purchase price plus the repairs you put into it. 

I've been listening to BP podcasts and reading real estate books every day since that day.The genesis of my motivation to learn about real estate is to find a smarter way to utilize my excess capital to generate passive income.