His health is good right now (long story but may not always be the case) so he is able to commute back and forth as needed once our move is complete.

Reserves are going to be a bit of an issue because even a bank will want to see healthy reserves in determining whether or not you can quality for the loan.

You can likely make a pretty healthy offer knowing the market value increase you will get from a $200/month NOI increase.  

After I have a healthy list of properties and the property owners on my excel list I use skip tracing tool to locate sellers phone numbers.

Trying not to get stuck in analysis paralysis just see so many people saying different things about what a healthy cash flow or ROI are.

The difference is that BK's growth was jolted due to a healthy dose of tax abatements.

If all your payments look good, and you have a healthy cash balance, they probably wouldn't bother one way or another, but if your DTI starts to get really high they might pull it.

You walk away with a healthy down payment and the opportunity to invest that capital in a new property in NC.

I don't have a ton to contribute at this point, but I believe strongly in "giving what you can" so here's a question that I was asked a lot as a newbie investor that has helped point me in a healthy direction:What is your "Why" for real estate investing?

We have similar situations here in Oregon... people paying 250k for a foreclosure to make 10k or sometimes nothing.. or just buying it to hold for rental and appreciation. what your describing I would say is more of a normal foreclosure market in a market that is healthy and good for homeowners... not necessarily bottom feeders like we all are..