LOTS of regulation and fees aren't helping to satisfy the demand either.

@Ming LimMortgage financing regulations are still not as tight as they were when I placed my first mortgage in the 80's.  

After this huge storm goes by, we will see how much all the different insurance policies will go up in price and the new regulations that will be created because Florida is all by itself with Home Owners Insurance being underfunded to the max.

Study your state landlord tenant regulations.

Wholesaling, like more established and regulated real estate brokerage model, is still working for tips. 

Feel free to message me for info on them, I would post here but I think that violates BP soliciting regulations.

Grant, as long as regulation allows it, it's definitely a viable option.

If you operate your business professionally and follow all the regulations being taken to court will teach your ex tenant a nasty lesson and cost them money.If you make a mistake and have to pay some money back it is still better than offering money you do not owe out of fear, always make them work for it.

I know that every situation is different regarding who the borrower is and the foreclosure regulations regarding the location, but I was wondering how often it happens and how the process usually pans out when purchasing a non performing note (whether a failed loan modification or initial purpose for foreclosure) and issuing a foreclosure.

You should also be asking how to get rid of them in the event you decide you are interested in upgrading the property.Study your state landlord tenant regulations and you will find most if not all the answers.