Have been listening to the pod casts for quite a few months now, really enjoying all the convos and wealth of knowledge I've been getting from them!

If you are Diligent,  and Disciplined you can do it, the no money down methods are quite risky and expensive, but are an outlet if others are not available to you.Words of wisdom, Very few contributors on here are experienced investors, most are new like you, but they have read all the books, and listened to all the pod casts, oh and they are experts, just ask them they will tell you.  

You will find resources here from blogs to pod casts and forums.

Some ideas that came to my mind were things like:1) Borrower's credit score over XX2) Borrower's equity in the property (something like XX% of principal having been paid off)--this would support the "emotional equity" argument that I've seen around3) Interest rate over XX (gives wiggle room for a lower rate for a loan mod)4) Senior status needing to be current (if 2nd lien)5) Needs to earn over XX% of a returns (IRR, ROI, etc)Do people use any of these?  

You will find resources here from blogs to pod casts and forums.

You will find resources here from blogs to pod casts and forums.

You will find resources here from blogs to pod casts and forums.

You will find resources here from blogs to pod casts and forums.

You will find resources here from blogs to pod casts and forums.

You want to be last.Here's why...Sellers in foreclosure have TONS of options...loan mods, iBuyers, refinance, hard money loans, bankruptcy.