Mostly I am looking for possible deals to practice crunch and get some practice on that all important skill using the calculator on the site and doing some work by hand.  

Everything I see on Zillow is around 125-145K, so a quick number crunch shows potential.

I'm not loyal to any other agent, so the economic incentives of dual agency make me believe I have an edge in offers.I've considered getting an agent to monitor the MLS and look for potentially attractive deals, but I am in a situation where I have the time to do it myself and I feel the experience of sifting through houses, analyzing areas, and crunching the numbers is great for my own growth in REI.

Thanks for the reply Lane,I think you make a good point that I need to spend more time just crunching the raw numbers.  

Fast forward a few months, after doing kind exhausting numbers crunching I found a deal that looked very promising.

Just my opinion, no science or hard math to it.i thought about this as well....but i feel we are in a very different time than back in 07. we also...financially can afford our mortgage and most people that found themselves in trouble were way in over their head with adj rate mortgages and low incomes...no underwriting by the banks. we also have rental income....and from what i know most people being foreclosed on were single family homeowners who used HELOCS to buy vacations and new cars and the like. it is most definitly something i thought about though....just not sure it is applicable in my scenario....i dont feel i am overextended in my mortgage....and my area is actually going through significant appreciation due to real initiatives by the local govt...not just bubble mania. thanks for your reply....def makes me want to crunch the numbers a 3rd time though before doing this. 

More number crunching yet to do. 

Hello everyone, I just crunched some numbers and I would like to know what you guys think.

I'll have to find a vacant home like you say to crunch some real numbers..

One thing that isn’t mentioned is your action step in order to get your properties.You can crunch numbers all day long, but if you aren’t playing the game then you are just a fan in the stand.So if you are ready, then jump in and start competing.Find yourself a buyer’s agent that understands what you are looking for and is hungry to work with you.Locate an area near by you that has a lot of activity, and that you will be able to drive to within 30 minutes or sooner.Create a spreadsheet that includes everything from offer price, closing cost on initial purchase, resale value, holding costs, and resale expenses.