Some told me that they don't loan in that city and others told me the value was to low.

With all due respect to the development big firms out there, my project is very small and I believe I'd be best served by a small firm or even one-man shop, and frankly a bigger firm will likely not have time for a small deal.I simply need a low-cost conceptual plan that I can use for marketing to builders.

Not really because the price you typically get with a REO is not low enough to wholesale.

They are a very good brokerage with low expectations from you, hey are quick to respond and the tools they give you are great.

I don't deal in Orange County, so I don't know the level of detail you can find online as to the progress of the foreclosure, if there is one.

I do not have personal experience investing in flyover states, so take this with a grain of salt.This is my 'gut reaction,' which could 100% be totally off & I'll defer to those with actual experience 100%...Any place you are buying that has tenants paying 2x in rent what they could otherwise pay in PITI because the [ $70k * 3.5% = $2450 ] down payment is too much of a down payment for them to save up, isn't exactly going to have high quality low maintenance intelligent people as tenants. 

@Josh Lowe I've wondered the same thing!

As far as your risk level goes, I'd say you're actually being smart and disciplined (not buying anything unless you're making a profit as soon as its bought) which what i believe you NEED to do in order to not only survive in this business, but to thrive.As for my farm area, No, i havent decided that or figured that out yet.

My 6-plex had a fire and lost two units and it's a remote location for me (2hrs one way).I've always managed it and performed all executive decisions, so I became the general contractor and hired subs for the specific skills for the restoration.Even if I were using a PM, this level of decisions I would never delegate.  

the necessary repairs are as follows:  water heater missing, furnace looks old. paint all rooms, new flooring needed in most rooms, ( something i can do myself), recondition kitchen, replace entry doors. the house already has a newer roof and newer vinyl siding, virtually no work necessary on the outside. given my rehab skills, nothing will need to be contracted out, so i am able to save a tremendous amount of money on the rehab, which is why the following rehab number is so low.