Doesnt matter to me as long as your not in Northeast FL. 

As a matter of fact, I would say those types of flips are more difficult than your flips in the Chicago suburbs.  

Wouldn't really matter for flipping.

My first one I got 1k exactly for the deal, I feel I was cheated in the end because of how much the buyer made in the end but that doesn't matter, I made money appear out of thin air.

The owner is more likely to just delay the foreclosure and in some area it could take years meanwhile the owner could be staying with family renting out the place to pocket the cash off the books and than a few years later the foreclosure finishes and he could get bumped into section 8 (depending on location) with the bill 100% footed by his social security or workman comp assuming they are older or just lost there job because of an injury.... or no matter what the age maybe there just a deadbeat and will burn the place down and let the insurance deal with it...

It shouldn't matter if it's underwater as long as you can make the payments and keep them current.

It is a fine distinction, but it depends on the type of closing you have.Final Word of Advice...No matter what, keep in mind that your Broker is the one who has to ultimately keep the lights on.. pay the Errors and Omissions Insurance, the staff, the Internet,  and other things to keep a brokerage open and functional. 

Nothing else matters.

Only the numbers matter, not the vehicle.Becoming successful is not about getting lucky on a once in a lifetime opportunity.  

If they are buying then it should matter (the fundamentals are there).