I would recommend looking into owner occupant priority SFH's as a way to capture equity at closing.Buy a property under value, (exclusive listings from HUD www.hudhomestore.com or priority period from fanny www.homepath.com ) live there for a couple of years then flip it.  

If you are renting you could always buy a property under value, (exclusive listings from HUD www.hudhomestore.com or priority period from fanny www.homepath.com ) live there for a couple of years then flip it.Keep in mind not every house is a bargain on these websites however 51% of the homes owned by HUD sell within the first 45 days ( stat taken from last 5 years of sales history for the Upstar MLS of Northern Indiana )

@Stephan Haas Sadly residential properties (1-4 units) are almost exclusively priced on comparable sales.  

Where the manufacturing in Muncie used to be almost exclusively tied to the automobile industry and, to a lesser degree, home canning, manufacturing is more diversified now.).

Newspaper listings?

The property will move from Exclusive Listing to Extended Listing 30 days later from the Bid Open Date on 5/29/20123.

Check the addendums, and you'll see they exclusively spell out that their contracts are between the parties on the PA and addendums and cannot be assigned to a third party.

The bid will be relative to the file condition and collateral exclusive of the origination source.

When this story is complete, I hope it makes the local newspaper.

With bandit signs, newspapers, flyers, networking, anything and everything to reach the masses.Best of luck Nick and please let us know what happens.