I would rather join with 2-3 investors here in NCal and have one half or one third of the profits that CA provides instead of relying on a "team" thousands of miles away that has no equity stake. 

The remaining money can be used to perform more approved repairs.

Thirdly, I went to the tax assessors site, found properties near mine that appeared to be owned by investors, so and so llc or so and so and associates and contacted them and this has generated some feedback.I just contracted the property this past weekend but I had a small list of potential buyers before I had the contract.....hope this helps.  

You would be surprised what you can learn just by performing a google search on the property, so I try to limit my inside knowledge to that.  

You need a lot of horsepower (aka time, patience and dollars) to out-perform these folks.

http://www.wcequitygroup.com/properties/4577620045Cost Analysis Performed as Rental PropertyIn:Rent - $11,100.00Out:(Annual) Estimated Taxes - $500.00(Annual) Estimated Insurance - $850.00(Annual) Property Management (Optional) - $888.00(Annual) Estimated Utilities/Lawn/Misc -$555.00Total Costs - $2,793.00Net:$8,307.00Earn:Total yearly net equates to -$8,307.00Total monthly gross equates to - $925.00

I love Florida and would like to hold more performing investments there.

Ie, most residences have a no-business clause in the lease, yet most people nowadays perform some degree of their work nevertheless in the comfort of their home.

A third option would be buying a package deal of homes and having them managed.We currently own a 14 unit complex and 5 SFR in the area.

Foreclosure Auction buyers have to be cash buyers, you know they can make a decision fast and they will generally be willing to tell you exactly what they are looking for.A third option for finding cash buyers or where to do your deals is search for other investors in your local area and see where the deals are being done.