Foreclosure costs have been greatly reduced due to heavy competition (more players than ever before) and also due to automation.

Send me a message and I will give you the name of a player in your area

Consider me a new baseball player!

For flipping... generally people target either a set profit amount and subtract it from their ARV with carrying costs, purchase price, and rehab costs to come up with a max budget... other people do 70% of ARV minus rehab costs as a target.For rentals, it depends if you're an appreciation player or a cash player (CoC returns rule here). 

It seems like there are a few key players with endless pockets out here, but they are only picking the low hanging fruit in my opinion. 

@Shawn O'Gorman, when I was a kid I wanted to be a baseball player.  

.- Listen to Podcast interviews (BP, other) on MF- Read and participate in BP Apt forums- Attend Conferences - any MF Apt conference or syndication to get exposure / network2) Networking- Attend local MF meetup groups and get to know the players that are doing what you want to be doing.  

The only operators that would take money with that high of a yield, are the operators that can't get it from a better capitalized player that only needs to achieve a 12% return for their investors.  

Its why the MULTI players all look at higher rents lower cap rate drive significant appreciation which is what they are looking for.

You should find out who the players are in office leasing in your area (specifically the type you have i.e. small boutique, medical arts, large single tenant, ect) and set up meetings with them.