In my experience I almost got scammed by a big player, oftened recommended on these forums.  

Once they are fully foreclosed on they become Real Estate Owned ( REO )There are plenty of topics and threads on here to get you to Compilers...but they can be tough to break into unless you can get an intro.Do all you can to stay away from chains more than 2 deep, ie Owner/Buyer and 2 brokers/agents... and even then get one or two of the brokers out of the way by all signing a NDNC agreement and Fee agreement that protects everyone and then put the two real players together.

As the small player there is no low hanging fruit.

It remains to be seen how this all plays out for Blackrock and the other big players.

I am currently a College Baseball player for Indiana University and will be graduating this spring.

@Mark Vieira   you will always have the bigger players at the auctions... they are the one's that have been doing it 10 20 years or longer the one's that come and go are the newbies..

Lots of good small brokerages here and bigger players as well.

As stated in previous posts, a Japanese girl I met started with no money, no driver license, no job and in 7 years she owned 18 properties.

If you're just starting out, pursue cities where big players aren't competing, like Richmond and Wilmington de.

I am working on refinancing the hard money loan.Kevin McNeely and Brian Adams are seasoned players in Killeen market and are also active on BP.Good luck to you.