Ironically this is usually when the price of the asset is too high.

I have a small online business that makes around 60.000€ a year... now I what assets!

The asset manager has never been there and never will be there.

It sounds like yours is also a very different market than mine, but it sounds like you would be an asset to any brokerage.

Also finish liquidating an old 401k I have for more cash assets to shop for a 4th rental.Beyond that, continuing to collect rent checks will be nice :) Will need to update my business plan with new cash on cash projections and the 3rd property once the dust settles.

I always search the oldest properties first. 30-40 days is when I guess the asset manager starts to realize something is wrong plus it clears out the 15 day owner/occupant BS that the govt loves.

Also, if the bank is gone, the "assets" of that bank went somewhere - government or another bank or whatever - so they have the rights to the property.If you want to do the deal, you would need to do a lot of background research to be certain you are actually buying something of value.

It is also wise to diversify and take into consideration the markets where your assets are held, even diversify markets.An apartment vs. a handful of SFR's in Vegas or are we talking trading a handful of Vegas SFRS's for an apartment in Pasadena or Walnut Creek?

Do I just tack this to one of the houses and depreciate it over whatever years or should I split it into a $10 asset per property and then depreciate it?

Let's quit the word games and personal attacks.Stop making these accusatory comments at me.It's wasted space.Let's stay on the subject of the topic.You seem like you are frustrated with trying to buy an REO property and trying to direct it at me.It's simple.If you are a cash buyer then show the REO broker you are serious.Show them proof of funds valid within the last 30 days from your bank account.If you are using hard money then that is different from cash and subject to the appraisal and valuation the hard money lender wants.If your boyfriend is a contractor then maybe you can save on a home inspection and do it yourself.The REO brokers loyalty lies with the asset manager and the company they get listings from.Again if you are buying one property the REO broker is usually not going to work hard to get that accepted unless it's at asking or above.The bank is possibly giving 20 or more properties a year to the REO broker.