A Local Realtor to the property can do a broker price opinion, cost varies.OR Pay for on of the 100's of AVM services

Quote from @Joe S.: Quote from @David Lamb: I am very sympathetic to those who are facing foreclosure and other distressed situations.  

I am currently in my early 20's, have a well paying W2, and would like to begin investing immediately.

I went out and purchased purchased anold 30 year treasury bond(s) (actually five $10k bonds) with a 5.5% coupon for about $24,000.

On thing to keep in mind are potentially elevated maintenance and landscaping costs, as the weather an be extreme ranging from intense rain to snow flurries on the beach. 

Hi Jason, if you want to purchase another rental property(s) and actively manage it, a 1031 may be a great solution for them.

@Jamie S.

Thanks Thomas S. provided in his book?

Note that someone in their 60's, who has fully paid off their loans and has $600K-$900K in equity they can apply to purchase a new home  with zero financing also got there by purchasing their first home on a mortgage. 

Once rates stabilized, even if they didn't come down, people were like, "Well S***, guess now's as good a time as any."