After having said that I'm sure someone will pop up saying 203 is easy.

@Oliver Pilco - replying to an old post, thank you for the link.My interest is vetting a property for Cell Site lease, 10k foot commercial property & legacy POP with Multiple fiber entrance easements . 

Sometimes there are issues in how the foreclosure was done or some other lingering issues that pop up down the road like open permits and code violations.Refi's aren't foreclosure specific.

NOT common with mom and pop though.

I am very attracted to Plymouth due to the transient demographic there, and the obviously strong property values and appreciation (same with Northville).. which is why nearly anything that pops up there that is selling for less than $150K, I take a good look at.

I check Zillow 5 times a day for new properties that pop up.

Once the last bad tenant is removed, another will pop up in its place.

There is a a whole heaping mess of mom and pop 2-4 unit properties scattered all over the city.

Has no time or mental bandwidth for real estate.They are both dudes because those were the first two names that popped into my head.The strategy is somewhere between BRRR and Buy and Hold- depending on what the deals that turn up look like.Okay so, Dumbledore is going to provide cash and maybe credit.  

You have to be careful with your IRA investing- you can't contribute money from outside your IRA to your investment when extra costs pop up (and they usually do.)