It’s just easier for me and they tend to tell me a lot of good info about the sellers and how motivated they are.

And DSCR lenders tend to be pickier about property details compared traditional programs, so there's not much encouragement there.

In many cases you get what you pay for...but not with agents, as pricing tends to group in a narrow range. 

What tends to work is buying in a class A/B area.

The part of foreclosure that we tend to overlook is the fact that second position has the right to payoff/acquire the first and takeover the property.** (How so?)    

Quote from @Andrew Steffens: I tend to agree more with this than the other post. 

These tend to be mostly cosmetic interior rehabs (not always but usually) and you can usually avoid the big hidden issues that single family homes can have (structural, environmental, plumbing etc).

It seems to be quite "the norm" in the US, however in Europe banks tend to think a bit more traditionally (but I could be dead wrong).Would love to hear your experience!

In regards to cap rates, unless your'e purchasing under market value or distressed multifamilies, cap rates tend to be low across southern california in this market.

From what I've seen, people tend to like electric stoves a bit more than gas so I wouldn't want to make this switch.