On the other hand, if you can pick something up for a good price where your payment would be substantially lower than the rent you would pay for that same property, then that might be the best move.

You have pick an excellent community to help guide you to become a successful investor.  

They are happy to pick my pocket when it is full of money but will never put any money into my pocket when it is empty.

You should be able to pick up 2nd position NPLs for 10% to 25% of the UPB, depending on the state of the property and equity status.

What are some of the best criteria that help investor pick houses?

There is one home near Concordia that I had my eye on previously but was picked up by Berkshire and is getting rehabbed and sold.

If you would like to come to one of my events and pick there brain let me know.

For example, my tenants were responsible for returning trash carts in a time period from pick up, failure to do so then required us to return them and such was not a contemplated duty of management, that justified an admin fee.

Just picked up the book off Amazon and am looking forward to attending a Rarebird meeting. 

You have pick the best site on the net to help become a very, very successful real estate investor.