Herb Knox was our agent and Cross Country Mortgage was our lender!

Now that you mention the San Diego market, I say again...Keep your powder dry.

I expect REO prices to drop come May (no competition from owner occupants), and buyer demand to dry up in many parts of the country.

Well 70% of ARV minus repairs is for a rehab deal.Rental numbers are more individually designed for your personal investment goals.See a rehab is a very cut and dry affair.

The agent in the past has done quite a lot of REO work (50+listings per month) but that has been really dry this year with only 4-5 listings per month.

Bandit sign leads have dried up in recent years, and as someone above stated they are a pain to deal with.  

There is no cut-and-dry answer to your question, though.

you may want to take a drive to Philly close to you so you can manage it.. and boy the last few trips I have taken there you can see that city is booming and re gentrifying so you can get some cash flow and as these neighborhoods change for the better you have some upward movement in price points and exit points.. just a thoughtI also really like Charleston.. not the highest returns but boy if you have to go visit your properties it sure beats many places.Orlando that market is about dried up for turn key guys..

Here is the thing though, students will always want to live just off campus...especially if it is dry.  

Both have dry times on the labels.