Those are the people who over-extended and have now lost, or are in the process of losing their properties; thus equaling more bargains for people like you and I.

You do know they can be 1099ed on the lost equity from the bank and taxed on the difference as if it where a profit.

Unfortunately, as I've learned a couple times now, if you only leave one key at the house, it *will* get lost. 

The owner was an older lady who lost her job, tried to work with the bank, tried to sell it herself, then bailed to FLA.

You never get back lost rent due to vacancy, you just kiss it good bye.

So often nowadays you see kids that are so lost without any direction or ambition.

Net, we lost a potential tenant due to Zillow. 

Even doing my own work I don't think I could do all that for the $13K though.I'm an experienced investor, close to 30 years and the only time I bought a property from another "investor" he was actually a newbie who started a rehab, got in over his head and I bailed him out, he lost his a** on the deal.all cash

I was so mortified that I threw it in some drawer and in my moving a few times, it got lost.

Well needless to say, the guys that sold on land contract lost about 60% of the contracts, and simply ended up with trashed houses, and empty pockets.