Conversely, there are a lot of other pockets that are slightly more expensive that you can get a quality renter in and make slightly less money.

I have a bad feeling about it already because I have no intention of doing constant follow up to get someone to send me deals, etc. 

@Robert Gunther It will depend on the condition of the property overall and how bad the foundation issue is.

Here are the average response rates we have seen based on our customer feedback as well as our own mailings throughout the years:Yellow Letters- average response rate of 8%-9%, all kinds of calls (angry calls, curious calls, tire-kickers, quality calls)Postcards- average response rate of .5%, mostly quality calls.Zip Letters- average response rate of 2%, mostly quality calls.

This is why buying a property thru an hoa foreclosure is a bad move, 99% of the time because they almost always have a mortgage, that is usually more than the property is worth.  

NEVER close without one and title insurance (if that is how your state laws work). 4, Have your "wholesaler" provide a written inspection from a licensed company as well as an appraisal or CMA if they are making representations of value.There was a thread yesterday from a buyer stating they got screwed BAD on a deal for thousands of dollars.

badbad badbad bad 

Still, not bad?...

I was not at the previous event, but am attending this one based on the quality of the speakers.

I know that it can be a huge headache and I have some considerations to do a bot where my target area would be, but I do believe that having a profitable investment with a lot of work is better then a bad one that is at home haha.