Sadly this type of thing from what I have seen has only happened from the small time guy who is most likely not licensed. 

Sadly it seems the market is tight at the moment, you either need to find good value-add properties or drive for properties/work with wholesalers to find under-market deals.

Thank you for your help, from a disabled veteran looking for true financial security and the ability to attain my dream of one day being able to afford my South Texas hunting ranch that I have sadly come to realize will never happen unless I take some risk.

Yes, sadly.

I did a search and saw a similar question asked on here, but it was sadly unanswered.My situation is this...I am looking at a foreclosed investment property that is likely to receive multiple offers, so I'd like to come in with a competitive offer.  

It's a great way to stand out, but you won't get much of a premium for it, sadly.  

I asked a similar question here about a month ago...the wisest response I got so far (apologies if the person who told me this, reads this, and gets sad they didn't get tagged for credit)1 - Learn all you can.

SAD BUT TRUE the guy was still in bed and they never found him.

Sadly yes.  

Sad part is they had cleared application wonderfully, both had good jobs, plumber and nurse, seemed like perfect tenants. $450 of the $600 for deposit had been made.