Are there some good ones in there probably but most likely its someone trying ro unload their trash on someone else.

Material supply is low. 85% of our lumber comes from Canada.

I nice townhome valued at $110k but the owner, a friend of the family wants to unload it to me for what she owes on it

Perhaps an investor that previously focused solely on cash flow and is now trying to unload his warzone property on somene else.

But apparently most of their 2nd liens were unloaded to private hedge funds and institutions.

I have had the landfill workers standing in the crap unloading,,,but they arent too bright.Hope this works out well for you but covering it with anything may come back to haunt you.  

Nobody likes the unloading materials, especially twice. 

Keep it, take the cash flow and when the market moves it a seller’s market in a few years unload it then.I personally own properties north of Port Tampa, so generally speaking you should still be hitting close to $3k on a 2,700 sq ft house.

The seller mainly wants to unload the property now without going thru all the hassle.Property info:2 condo's on top of a commercial building.

Also try connecting with other investors, get to know multiple real estateagents to get pre-listed properties or expired listings, drive for dollars (if you have the time), find a wholesaler (you can always call WE BUY HOUSES sign and see they have any homes they want to unload) and another source is possibly a foreclosure auction properties by the county or with an auction house.