Like you say, you want properties that will pay for themselves right now, and understanding the expenses and buying at the right price will enable that.There are threads that talk about creative ways to acquire properties that don't require much cash.

Assuming your loan is HAFA-eligible, or otherwise eligible for getting pre-approval on a sales price, the most important thing will be to try to get the BPO to come in at a low enough number to entice/enable your renters to buy it.

I find my e-mail fills up fairly quickly if I enable the notice feature, especially if it is a popular blog.

I am a Real Estate Broker in Texas and I mainly just sponsor agents and agent/investors to enable them to have their own Real Estate Brokerage.

This is done through a series of questions that will enable you to do the research you need!

BP has been a great resource for myself and family enabling us to get our first few propertis within the last year.

If no acceptable bids are placed during that period, it will enter the Extended period which enables investors to bid on the property. 

When you do this, she will be able to help you construct a plan that will enable you to reach your short-term goals and reap benefits that will provide the resources you'll need (and want) to reach your long-term goals.

Here are my two cents (from the mortgage side of things):Approaching a mortgage broker will give you this benefit: he/she will ask you to share your short- and long-term goals with him/her so the two of you can come up with a plan/path that will enable you to achieve your short-term goals that will result in obtaining the resources you'll need to then pursue your long-term goals.  

They are not yet in foreclosure as far as I know, and I don't know at what point they'd go into foreclosure, but surely they cannot continue to live in the house without paying taxes and have there be no consequences.My wife and I have advised her mother not to pay the back taxes on the house again, because that would only enable the "ingrates" (as my wife calls them) to continue on as they are, and my mother-in-law is retired and on a fixed income, and she simply can't keep forking over a couple of thousand dollars every couple years to prevent the loss of her family home.So.