I have been using this issue as leverage and believe I can buy well below market value.Questions: Should I buy with the eviction in process?

Growing up I remember lots of folks spreading waste oil on gravel and dirt roads to control dust.

It was my own residence, and rented 2 other floors below.

Look below this Window, and you will see a list of names of people that have posted in this thread.Click on the name of the person that you want notified via an email, that you responded to them.Raymond

If it's below market then agent/investors or other investors buy them very quickly or compete for them and drive the price up.

That return improves when you buy below market value and that takes care of some of your concern about a market downturn.

I have the option to purchase it for 130k, which is below market value (owner is family).

Is there something I can do to filter out these cases so I have a more concentrated list in my hands of real potential leads and not just garbage.

Every short sale regardless of lender requires the "arms-length transaction" certification that has wording like below:"The Buyers and Sellers nor their Agents have any agreements written or implied that will allow the Seller to remain in the property as renters or regain ownership of said property at any time after the execution of this short sale transaction.

The tax code info is below. http://www.irs.gov/publications/p946/ch03.html "...For qualified property placed in service in 2012, you can take an additional 50% (or 100%, if applicable) special (depreciation) allowance.