Look at the number of Americans that are now receiving some form of government assistance.

@Steve Olafson  Yes,,, if you think about some of the big plays in RE they are made in development , in building etc etc.. but some of the big busts come out of that sector as well.. so like you said the right time the right place is important.Every single thing I do is negative cash flow until it is not.. and the forced appreciation at sale so far dwarfs a cash flow for the same dollars as to not even be a consideration on my end.

It is a government loan!!!

To get the existing financing and the pay off I generally say something like this:" So the banks going to take your house and give me nothing in the moment and just a few days, I need at least seven days to be able to solve the problem, so I would need to see all the paperwork on the property, the paperwork from the attorney on the foreclosure, then I need to contact them for pay off and find out how much all the fees are including the late fees and the legal fees""If you want to protect your credit rating from a foreclosure on your credit rating, which stops you from getting any other government loans or even might even stop you from getting a government job, let's sit down and look at all the numbers and see what I can do to quickly solve your problem " And then I make sure that when I walk through the property everyone that is on the mortgage and everyone that is on the title of ownership of property is present,  so that I can get some kind of sale and purchase agreement, written signed, and notarized.

The repairs could easily total 100k, but like I said, I'm looking at a huge spread with a clear 100k of profit at least.I've gone on the internet, and called city and government entities to no avail!

There are government backed incentives to help first home buyers escape the rental market and start putting their hard earned money back into their own property.

If you're owner-occupying, government-backed loans (Ellie Mae, Freddie Mac, FHA) are great ways to go for first-time homebuyers.

Again, everything is negotiable (other than the government)Why not keep it as a rental?

In addition I also have a program that allows a buyer to receive approx 7% back from the government.

I like it because the rent is paid by the government.