@Jonathan Pendleton Each unit needs it's own source/meter for electric/water/gas.

Also, it is based solely on the number of bedrooms, and does not take into consideration any of the unit's amenities such as number of baths, square footage of the house, is there a garage, etc.There is a constant demand for rentals in my market.

If not, your realtor should be the one finding out the answers to all these questions.I'm not sure what the main source of info is for foreclosure sales in Virginia but I'd suggest that you find out what the trustee sale buyers are using so you have a better idea of what's going on.There are a myriad of reasons why the lender might postpone a sale.

Anyway, it's low initial investment, you get to live for free, your tenants are literally buying you a duplex/ triplex/ quadplex by paying down your loan, you are able to write off the deprecation of the property from your income+ other tax advantages, you can potentially be cash-flowing on top of living free from day one (if not you will down the line if you move out and rent your unit) and you will potentially see appreciation based solely on inflation or market trends depending on the specific location of the property or you can force appreciation by fixing up the property.

I have a couple of rentals here and other great sources of income so the move is being given much consideration though the decision has been made.

Once the source of moisture is fixed, a mold is easy to fix.

I have been considering buying at foreclosures at the courthouse steps as my first source of deals (all my previous experience buying property has been from the MLS).  

Kemar,In our experience, the best source for information about real estate investing in the Denver market and the best source of training about critical issues is the Denver Investment Real Estate group, https://www.denverinvestmentrealestate.comContact Chris Lopez or Charles Roberts

Was it solely based on price point?

But for every source saying you can, there is another source saying you CANNOT.