Traditional investment property financing is probably not appealing. 

Or are in deep denial. their rich uncle is going to bail them out last minute. they are going to sell the boat to save the home etc etc. the fact of the matter is for most by the time the sale is publish their credit is trashed no one you or me is going to help that. for the homeowner its about getting some cash and walking.Now also keep in mind a lot of times it better for the homeowner to let the property go if they have no junior encumbrances and your in a hot market with a lot of overbidding.. the overage over the amount owed goes to the home owner I have seen homeowners get 6 figure checks by holding on and just getting the overage.

For a traditional STR you might want a place with a cool spray painted wall to take pictures of and post to social media. 

Be super careful when using traditional loan products as to not commit mortgage fraud. 

I just closed on my first investment property using traditional financing (whohoo!)

That said Dan Fuller aoausa.com has a great talk on "grow rich slowly". 

I don't qualify for traditional financing and the best loan I found so far is a portfolio loan.

All while doing this, I would love to develop an impressive successful invest property portfolio for future long-term wealth (NOT get rich quick).My grandfather (who originally owned the masonry company) was also a fireman at one time he owned 26 properties which later down the road sold half to his son and the others to my dad.

All while doing this, I would love to develop an impressive successful invest property portfolio for future long-term wealth (NOT get rich quick).My grandfather (who originally owned the masonry company) was also a fireman at one time he owned 26 properties which later down the road sold half to his son and the others to my dad.

This is not a get rich quick scheme or a scapegoat from college.