The banks routinely set a price they would let the property go for at the auction, which has no relation to the amount owed.  

(liability in this litigious society where insurance routinely back out of their own coverage is rampant)

The FSBO is not going to routinely sell you the house for 6% less than what they would have paid agents--they are selling the house themselves to avoid paying that commission.REOs and HUD homes are sold by listing agents.

At best they will just not care about routine maintenance and at worst they can do some major damage that can't be traced to them. 

This makes it very difficult to service and do routine filter replacements and cleanings.The bottom line is this. 

My daily routine as part of learning/education is going through the forums and my keyword alerts and it’s been super valuable so far to learn more and also to network and make connections with other investors/agents/PMs in the local market.

Owners are going to need to ensure that their cleaning routines are more thorough than ever.

@Josane Cumandala - I actually don't use a property management company, while not ideal, I manage the properties from here (with typically monthly long weekends there) - I have boots on the ground that I can call should an emergency arise (family & a list of contractors that I can trust).I personally don't see my brand as "slum-lord" either, to help avoid that I'm pretty selective with the properties that I purchase & invest a lot of time on my monthly trips taking care of the routine maintinence.  

I'm mainly talking about routine maintenance and minor tasks like painting, replacing boards, caulking, replacing fixtures etc...Also, I would like to get your opinion if you think that a licensed contractor is required for these smaller tasks, or should I  go with a cheaper contractor that is not necessarily licensed?

Doing it this way has literally eliminated a week (in most cases) from our critical-path routine...