Verify that the title company will give you insurance if you win. 2.

Our company has an excellent track record for on time rent payments, and I know it is because we are not afraid to say no to people with marginal credit.If no one rented to these people who have been evicted in the past, they woudl have a much harder time finding a home in our state...  

It's a win-win situation for both of us. 

Excellent reply aa always Roy ! 

Either way, you are going to need a lump of cash, because good foreclosures that are sold outright are going to be snatched up by real investors, and most auctions are going to require a sizable deposit and closing soon after winning the auction.

Keller Williams has a very important mantra that is WIN -WIN or no deal.  

Also The Appraisal of Real Estate, 14th Ed. was an excellent read - if a bit long.

Being an out-of-state investor Turnkey is an excellent pathway to building a diverse alternative investment class, within your retirement portfolio.  

When a seller has a cash offer vs a loan-contingency offer, cash wins!

Would you say I should literally just start looking at as many neighborhoods as possible, create maybe an excel sheet and categorize them as class A-C (or D), and go from there?