I am going to start driving for dollars after my family vacation next weekend and I have already started combing craigslist for potential deals.  

I am currently combing through local deals crunching numbers and researching financing options.

The combs you state are a bit inconsistent so it will take time to sell and don't forget to take 30% off your profit to Uncle Sam aka Tax devil unless you do a 1031 exchange which time is also a factor on that.

Either you or a representative you trust with out exception must perform all the necessary due diligence just as you would for a property down the street from you.Turnkey companies want to maximize profit by doing as little work as possible using the cheapest materials.I would have a professional inspector check everything with a fine tooth comb,especially the roof,plumbing,electrical,and HVAC systems.Also make sure you get a repair warranty for when things go to hell in two years or less(and they will).I honestly don't trust any property I don't rebuild myself with my trusted contractor and quality materials that will last at least a decade or more

I will comb through it tonight!

The very few properties that hit the MLS are the duds that have been thoroughly combed through by the serious players.

You can spend your days combing these forums, of course, and hoping you find what you need from an authoritative source....or, you can take classes from a syllabus where everything is organized into a logical sequence.PM me if you have interest in exploring this option.

Just read this and thought it was funny so I'm passing it on "My luck is like a bald guy who just won a comb":) There's a lot of great info on the site.

Currently, I'm seeking funding opts along with fourplexes that has not been combed over by everyone on the MLS.

Really a bit bummed, but it taught me about REOs and now I'm combing through the HUD listings now too lol.Anyways, everything you said makes perfect sense to me.