Our rate is currently ~1.3%, which is fairly pricey (national average is 1.2%).https://smartasset.com/taxes/jefferson-county-kentucky-property-tax-calculator#0y1Sou1GL8

I will try to make a long story short: So I purchased a 2br/1 bath that was  completely renovated for $99k (no downpayment or PMI, I used Old National Bank Professional Mortgage Program).

Preferably a lender licensed in NY.The national lenders don't offer the most favorable terms, and many credit unions/local banks cap the credit line at $200k.

Originally posted by @Mehvish Ahmed:@Ehsan Rishat got it, thank you for providing the figures, puts things into perspectiveKeep in mind there is not 8 to 10k foreclosures  maybe nation wide but not in a market you can service..the number is soooo much smaller the folks that drop 10 to 50k post cards a month are looking at ALL opportunities not just pre foreclosures.Its a big money commitment and unless you have the systems and staff to handle it .. most just blow through 5 to 10k and that's the end of it.Very tough thing for individual to do.. and especially pre foreclosure those folks are in serious case of denial.. and usually don't act until the last minute.. door knocking Is how U land those deals..

@Chris MunichielloOn a national level, since the great depression prices have only dropped twice, and only one of those was of a significant value.

From a 1031 perspective any QI with a national footprint can help you out. 

The problem I often see with these national travelling road shows is that they give or sell you very basic information. 

Hey BP Nation! 

Anywhere in the nation !

For comparison, the national housing inventory is at a 4.4-months supply, according to NAR;-Townhome/condominium sales rebounded from two consecutive down months, with 697 units sold, tying a record set in June 2018.