So you pay for the pre-construction and own it from the date it starts with guaranteed delivery terms and they are fixed-bid contracts so if there is a cost-overrun or lumber goes up for example, the builder/developer absorbs that.  

There are a lot of free or inexpensive classes you can take through City of Milwaukee or Madison on landlording, and do-it-yourself classes offered by Home Depot, Bliffert Lumber, etc

Also B class properties are easier to unload.

I'll unload my triplex fairly soon, but have no regrets about investing in SA, and especially on the east side.

I agree with all your points regarding CFD's, I purchased two when I was getting into notes and am now trying to unload both for all the headaches, ahem, reasons described above.

I think you'll just really have to find a motivated seller looking to unload asap.

I guess my mindset was that these were sellers looking to unload a problem property.  

I just cant understand why the banks to move faster to unload these headaches. any advise would be greatly appreciated.

Call instead of email... go to the local professional lumber yards (as opposed to the big boxes) and ask several different account managers/sales reps for names of their clients.

Which although your current mortgage payment is slightly higher than your rental income, it is probably a wash because of the selling costs associated with unloading your rental.