If it's in a decent area n the 🔢 S work it's a screaming buy. 

From a cash flow position it screams buy opportunity.

@Brian Garrett, you have obviously never worked for a lender or been a Mortgage Broker as your comments above seem to scream lack of knowledge on this particular subject.Have one or more of your "Preferred" lenders join this discussion and let's see how they respond to some questions on this topic.Send them this thread and ask them to join the discussion so the investors here on BP can determine what is best.    

It was hosted by M.I.P and we toured properties, meet lenders, insurance agencies, and other provider doing business with M.I.PMy Criteria/Situation: 100K Purchase priceGood working-class B, B+ area3/2/brick houseWas looking for 1% rent to purchase ratioConventional financing with 20-25% down paymentUtilized 401K loan for down payment and closing costsThe Purchase:During the M.I.P Property tour in May, they handed out flyers with properties for sale reserved for visitors that weekend.

You know the typical signs to look for over grown grass, tons of newspapers sitting in the driveway, weeds growing over windows, just signs that scream my owners don't care about me, one house even had a few meteor sized holes in the roof.

This doesn’t really screamed motivated.

JP  and for that reason I never got started in buying foreclosures in that state.. not sure how many upset bids are put in but it seem like a lot of start and stop. if it went for a screaming deal I can see upset bids all the time.

Additionally, the bulk of the stadium funding is coming from visitors to Las Vegas through room taxes.

I first must apologize for screaming at all of you in the title but if you have any experience or can relate to the title at all you know why I am frustrated. 

Beyond that, send EVERY visitor an application via email after their visit just to CYA.