Certain core activities/responsibilities such as lead generation, follow-ups, tracking conversion rates, etc. are very similar for agents and investors alike.

By working backward, let's say my website converts at 2% which means it takes around 50 visitors before I get 1 lead.

They generate 2200/month.

The credit and background check is pretty cheap through there I think and we were planning on having the tenant pay rent through their website (the tenant we put in wants to just mail checks so that was fine for us).

Furthermore, it's easy to see the sale record of a property or deed transfer on the county web site, so anyone can find the true owner of the property.  

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Every income property has two separate income streams, one generated by the property the other by your cash/ equity.Buying cash flow today costs twice as much as the prevailing mortgage interest rates based on the opportunity value of money to investors. 

Many investors also don't/can't add value and, therefore, can't absorb the correction and generate a positive return.My comments are geared more towards cash flow than market value plays.

On the website in the tool section there is a calculator you can use to help with that. 

There were about 200 people there but Louisville usually has 50 to 80 houses in forclosures every 2 weeks you can get on the website www.jeffcomm.com for the dates, they do an appraisal usually a week before the auction and there is also a handbill that shows what is owed to the lender.I usually mark the ones im interested in, and yes I work it on a budget, then I go and view the properties and make my own assessments then i run the numbers and sometimes you can get a good deal.