Send letters to everyone on that block and don't even hint that you know their situation, then if they call you can ask if they are current, they may or may not tell you, but you would know, line up an appointment without mentioning FC matters and get your Realtor on board.

So you need to find out what the "quick sale" price would be for each property (hint: don't use the highest comp sales)

I think we have a long way to go, and may not experience a hint of improvement until the end of Obama's first term.

.- the realtor made us sign a letter stating if we purcshed this home, she would be the only realtor that we could go through before she would show us the place.Obviously i will need to have a professional inspection done.We are able to put down %20 on a home purchase and our max price range is about $340K. with the kitchen needing a FULL remodel and some bathrooms too if we paid the pre-forclosed price and done the remodel we would hit our budget limit.So after reading some healpfull hints on this site im still in doubt on how to proceed.do i hire an real estate attorney to check all everthing on the home or do i just go through the realtor for all paper work?

(HINT, HINT), ( David, you listening?)

There was never a hint of anything we could get in trouble with.

Or in that same market, if you are offered a 12% cap, that's your first hint to look for the risk because that's a major red flag.

The problem is, if left unchecked, your extreme desire to do deals can have a negative effect on your conversations with sellers because you can subtly become desperate. 

Hint to buyers agents- don't let your clients show that big of a tell at an open house, because the "we have lots of other properties and this one isn't really one they're interested in," doesn't work when their entire family has came in 5 times to look at the home.I received multiple offers and one came in at $210,000 and I advised my client that we can get more, shortly after we received a counter offer of $215,000.

As an accredited investor (hint, that means I'm a millionaire...) with an MBA, I know the NPV of  real estate investments in Las Vegas is 4 times higher than here in Seattle, and the property taxes are a fraction of the property taxes here, as in, less expenses.