We bought that loan and got our AOM to the FC attorney in 2 weeks.If you are a small investor and have a competent attorney, you can drastically reduce the timeline to FC because you're minimizing the effects of 2 of the 3 factors. 

@Steve Hall where do I get the formulas, numbers, you use to select good deals?

Go to the county clerk of courts online docket and select foreclosure search. 

It effectively turns thinkers into doers. 

 You need to:  A) Know thyself  B) Develop an understanding of what REIT's are and factors that effect their pricing  C) Develop an understanding of where you're going to invest if you buy physical propertyFor this comment Ill be talking about publicly traded REIT's as they're available to everyone through a brokerage account.

The kitchens all need help as well, the landlord has quite literally done nothing to renovate or remodel the property even with tenant requests as mentioned above -- effectively a slumlord.

IMO the chance 2008 happens again soon is low and even if it does it doesn't effect you unless you have to sell. 

Otherwise, it will indicate an income limit which you cannot exceed in order to qualify. https://sf.freddiemac.com/working-with-us/affordable-lending/home-possible-eligibility-mapdisclaimer - fannie mae has a program very similar, which they are making changes to effective July.

A permanent rent increase of $10/month will be effective June 1 for any tenant that has not updated their information on our website by May 15.

You can find properties by driving for dollars, mailing owners, getting lists of code violation, evictions, property management companies, networking, etc but the most effective method is cold calling the owners directly.