Hi @Jeff Oberts, here is a public one I created a while back if you want to check it out.  

I've heard about Goldman Sachs and other large institutions buying thousands of loans and holding on to them (punishment for the its role in packaging and selling toxic mortgage-backed securities in the housing meltdown).

It depends primarily on what price you are willing to pay for physiological security.

Property Location: Moss Point, MIssissippi32 unit complex4 buildings sits on 2 acres and all units are on the ground floorAll 1x1 units (Market Rent: $500/mo) 60% Occupied ( most occupants are long term social security recipients ) Per the seller (seller from out of state) all vacant units just need cosmetic rehab to be market readyPotential Gross monthly income: $16000 ( all units rented and are paying market rate) Current Total Gross Income: $7400 ( due to vacancy and residents paying BMR) Current Monthly Expenses: $1941Monthly Note Payment: $3419.43Asking Price: $660,000Seller Finance Term: - Seller wants to be cashed out for the amount left over of the loan balance ($295,000).

We have encouraged people to look us up on-line at the county assessor site, the property owner names are public.

He would be secured by a second position.

Upcoming foreclosure auctions are found in public notices in newspapers of general circulation for a period of weeks prior to the auction sale.

I currently work in NYC so the location need to be close to public transportation, since I work crazy hours.

My only real estate experience is in tax compliance for a few residential property investors and mortgage backed securities funds.

It is a 1 year lease and per the lease I will keep the security deposit.