Get him out and get someone in there with a little more respect for your property.

@Vijay Rumao Welcome.Any particular area, type or price range you're looking at?

There certainly is a large range, relative to updates needed, in the foreclosure space.    

Sincerely and respectfully,        Scott Dorsett

I would like to buy and hold and looking in 100-150k range.

If you're really looking to just place the capital and have nothing to do with the decisions or operations, you're really describing more of a RE hedge fund or other professionally run fund that targets a certain geography and strategy.I know of one local to me - minimums are in the low $100k's range with minimum 1y commit and bonus payouts for larger amounts and longer commits.

The market I live in 1% is simple, 2% is very difficult. 3 of my units that rent for $650 each have all-in (purchase+rehab) of $48, 45, and 42, which works out to 1.35, 1.44, and 1.55, respectively.

Buy the best you can afford do not get sucked into the highest returns those are generally the most risky and the returns are only on paper you never actually realize them.. buy a nice home at the top of the range not the bottom and you will be much better off... property management will make or break the investment so make sure you good with that.

Don't think it can't happen.With long-term rates for residential investment properties in the 5 to 6% range right now, it would be much safer to lock these in immediately than wait and hope to get them anyway when you refinance.

Prices in our area range from $900-1400.