I like REOs b/c they give me instant equity but @Christopher Phillips is correct, the banks have gotten greedy and don't want to leave much of a spread for investors anymore.

i bought a house thru them on line here a couple of months ago. almost instantly, they were sending me emails about how i had 24 hours to sign the contract or they would re-list the house. they hadn't even sent me the contract to sign yet. next, they send me a threatening email that i would have to sign their contract immediately or the would re-list the house. i sent back an email informing them that i needed them to send the contract for me to sign. i finally got that, signed it and faxed it back to them. they told me that they got only half of the document, so i had my agent send it back again. they informed us that they got only half of it again and threatened to re-list the property again. i called them, only to find out very few people there can speak english and those that could, couldn't speak it very well. after several heated phone conversations and emails, i finally had to get my attorney to call their attorney to get an extension on yet another contract they needed me to sign that they failed to send to either me or my attorney. after that, their attorney kept sending me information when they were specifically required to contact only my attorney.finally, i got the proper contract, signed it, sent in a cashiers check for the requested deposit, and assured myself, my partner and my attorney that everything has been completed. now we are awaiting a closing date. after a couple of weeks goes by, i notice that hubzu.com has, in fact, re-listed the house on their website again!!!! 

If a tenant blocks a payment or something like that, you are notified by email instantly.

Buy these 2 books: Buying Real Estate Without Cash or Credit (Paperback)by Peter ContiFlipping Properties: Generate Instant Cash Profits in Real Estate (Paperback)by William Bronchick

You want to know what is the lowest sale in the area and the high this gives you and instant cap on top and bottom.

This wouldn't provide you with instant cash flow, but it would allow you to not tie up all of your cash at this time, while in essence having the renter pay for your 25% owed.......

If you dominate a neighborhood, you will be the first to know about deals and you will know values so well you will instantly know what is a deal and what isn't.That said, I work all over the city.

I instantly check out.

I have found an off-market deal that will allow me to gain instant equity and apply the BRRR method.

I obtained instant equity with this property and since then i wake up every morning thinking about Real Estate and for this reason i don’t question if I will succeed in real estate investing, the question is when.