In addition to what previous advisors have offered, keep in mind that we could likely be seeing "Coronavirus Round 2" in the Fall, Winter, and maybe into next year. 

If your hold time is only 3-5 years you could probably get away with it, but generally hold times are never what you think they'll be so it's a toss up.

Some or my tenants stopped making payments thinking they would some get away with this at the end mainly because all sort of restrictions put in place by govt that only benefits tenants not anything to the landlord at all other than mortgage forebearance may give you temporary relief however, if tenats can't come up full amount at the end ( which most of the tenants wont be able to) mortgage forebearance periods, landlords will need to come up with all dues which acumulatively will be so high, which most of landlords may not be able to cover plus, tenants may rather just leave which will make a big dents to landlords and/or some cases, landlords wont have any choice other than defaulting mortgage payments which is even more deadlier than it looks. 

For example if they accept an offer with an escalation clause rather than issuing multiple counter offers, or simply allowing buyers to continue bidding against each other for as many rounds as possible, they may be leaving money on the table.

The further you get away from the city/ rat race the more affordable it becomes. 

I think that whatever someone's title is, you'll get the most insight from someone who is an investor themselves, and is also a well-rounded individual who doesn't only eat and breathe property management.

We have been looking at acquiring the house next door to us that is currently unlisted at 150k that needs interior work but has had all the big ticket items done recently (new windows, doors, siding, roof, high efficiency AC and furnace) but needs the interior refinished.

If I am able to convert one of those leads, then it pays for two to three rounds of mail campaigns.

This is my first time looking at foreclosure properties... this property has gone through two or three rounds of notice of sale and cancellation of notice of sale over the past three years.  

The really great deals don't make it past the first round of emails these guys and gals send out.