You can work with a reputable turn key property provider, or very knowledgeable local real estate agent who also is an investor.Note that the great majority of real estate agents do not work well with investors because they simply don't understand investors and their needs; and they are usually limited to properties on their MLS ( which often is not the source for the best deals).Having invested myself out of state since 2003 I've come to learn what to look for and can talk about this extensively.  

I know that doesn't really seem to make sense but if you are selling to another investor (which a lot of these areas are sold primarily to investors) then they will most likely require a discount and if they are willing to pay the fair market value then they'd probably rather buy from a reputable turnkey company.

I'm wondering why the banks choose to auction some properties and simply list others?

Best thing about running your own business is that you can choose who you want to work with

To narrow down this demographic, you will start by choosing the "Geography" of where you're looking (I'd pick the State and County of whatever market).Next, you'll search under the "Property" tab and use the "Equity%" filter.

I know there are big, reputable banks here in the Cleveland market lending 90-100% LTV on HELOC's right now.

Originally posted by @Parker Cox:Thanks Karl, So if the second is washed away, in this scenario, there is a huge hit being taken on behalf of the banks, which I guess makes sense if they want to just rid themselves of the property but it still tells me that they know something I don't in terms of the actual value...Keep in mind the second lien holder knows when the first chooses to foreclose and has rights to protect their interests.  

So if he has a good reputation that can be the deciding factor. 

Congratulations on realizing that working a day job won't provide financial freedom and choosing to do something about it. 

Ryan D. and others:The following applies to property you find or we give to you.Based on your preference, you can...1) inspect & photograph2) buy and flip 3) buy and fix4) buy and hold5) otherBefore and after you choose, we can agree on a written compensation agreement.- J Johnsonhttp://properties.healthcare-online-education.org/