I must admit, I would probably trust the big firm to be able to screen people with certain criteria and evict people (if needed) like clockwork, where I think the little guy would be more of a gamble.

I want to make an investment not a gamble.

Seems like a bit of a gamble to me.

I then however found out they fraudulently had orders to deploy which were hand written to get out of the lease. 

So we took a gamble, made the offer, the seller accepted since no one else had offered since they couldn't view the property.

Hehehehe no I think this one trip will not involve gambling/clubs.

I asked why I should believe that was any more likely than the opposite scenario; that they decided to submit a falsified tax return with higher income in order to fraudulently entice a lender to make a loan.  

I look at the 2nd wave as more opportunities for people like me before things start to settle in 2+ yrs and Vegas economy bounces back :cool: In the old days, when the economy tanked, people used to drown their sorrow in alcohol and gambling.

He's getting cheap prices and renting the properties out and gambling that most years there won't be a flood, and when there is a flood it will be minor and its a cost of doing business.9. 

We usually sell our foreclosure properties for a profit but thinking you could turn $500 into $80,000 on one deal is not investing it's gambling.