Agreed, might suggest you look at doing business in the 50,60,70 range as there are motivated sellers and you might consider options and flipping them, that is no more brain damage than an 8K property and probably less......IMO

One thing I have seemed to notice is because S8 is currently CLOSED to new applicants, the current voucher holders seem more motivated to stay in line.

The gurus preach that you're not truly motivated until you have no income and have to make money, but I would argue that marginal income can also result in bad (read desperate) decisions.It doesn't sound like you are anywhere near that kind of bad decision making, but stuff happens.

Search for PMs who manage this sort of property in that area.

It is more of a motivational issue, there is the carrot and the stick.

I spend a lot of time sorting and analyzing my farm data in order to target motivated sellers.

It has been abandoned but I am sure that the seller would be motivated to sale should i approach.

So you're going to have to sort this out either now or later in the heat of a battle.You're stuck.

Not enough info here to answer your question, but don't let the taxes turn you away, that can be a good motivator to get this deal.

There should already be something recorded (a deed of some sort) for the change in ownership from the foreclosed borrower to the lender shortly after the foreclosure.