Stable rent with annual increases, low turnover and long term. 

Imagine your property is in a hot bed of crime, failing schools, low pride of ownership, and poverty.

For example, sure there is sa record AMOUNT in mortgages, but probably because of the low rates, the actual cost/payments for this borrowed amount is really low.The only issue being shown here is the credit card debt...

Properties sold to Fundamental Partners for about 12% below foreclosure value.I wonder if 12% will be enough to weather the storm.I believe these are Fed Low Income Rent controlled, I wonder how much longer that will last (with no ability to raise the rents).There looks to be quite a bit of Physical Damage to some of the brick walls, and the Trash from the pics looks to be piling up to the clouds (Citation Level).I wonder what the occupancy level is, as there seems to be lot of mailbox doors swinging in the wind.Were these guys hand picked by the forecloser to take this over, or did it go to open bid with another lender underwriting a new loan?

@Bonnie Low We have to thank our awesome Real Estate Investor we was thinking our of the box

Even though it may seem far from your current location, the potential for rental income and long-term appreciation can make it a worthwhile investment.In your case, if you are concerned about managing the property from a distance, consider building a network of reliable professionals in the Corpus Christi area who can assist with property management tasks, such as property maintenance, tenant screening, rent collection, and property inspections.

The homes we are looking at are between 75-120k and I would really like to stay in the lower range of that so we can generate a better monthly cashflow, however I am learning that most lenders will only go as low as 75k (which would actually be a 100k deal with 20% down).

At first I had a hard time trusting -- the prices it set for high-demand periods seemed impossibly high, and the prices for low demand shoulder seasons seemed way too low. 

All normal expenses deducted management maintenance landscaping and so on.Does that sound about right?

For example, when I took over running the franchise PM biz, previous leadership was so deep in the weed's with over 100 open maintenance ticket's and just a mess of things.