When I was an REAgent I know that in order to sell houses in any State you have to be licensed for that particular State or States if the office has multiple offices in several States (ie: Century 21 for instance), even it is for a HUD Home.Now on Foreclosures normally when you go to the Courthouse Steps to bid on a house, the normal bid starts at what is owed on the House, what it was foreclosed on, so the Bank or Mortgage company will get what is owed them, anything more then that is pure gravy for them (Profit).

Most are turn of the century properties and are not in the best areas.

However, that turn south over the past century is fairly pronounced. 

I approached Century 21 brokerage in Madison, WI and they did not like the idea of me only committing to doing a couple deals a year.

You will receive an average annual return of 8.67% (which is slightly higher than the long-term average since 1900, but quite a bit lower than several of the 30-year periods this century). 

I don't have experience with Century 21.

Also note that once you purchase flood insurance there is a 30day waiting period before the policy becomes active and in force to keep people from buying insurance the day before the storm of the century.  

I suspect in many areas of the country with homes prices where they are at... most everything would be classified as C class... at least half of most cities. what I am thinking about is areas of Milwuakee and Detroit  were maybe not deemed C class but no way you could rebuild those beautiful early century craftsman in todays dollars for what you can buy them for today and tomorrow and probably forever more.

Except that now it's the 21st century, so it doesn't take 20 years, 4 or 5 years will now do the trick.Local to my market, the way this has played out...Anything 2-4 unit on the MLS, the sellers get 25 offers.

I did my real estate license through Century 21 in Orem.