The exact location and not initial cap rates is what mostly predicts any profits with respect to SFHs. 

Preforeclosures - depending on whether the state uses judicial or non-judicial foreclosures, these are based either on the filing of a lis-pendens or a notice of default respectively.

The costs/time were 2x/4x respectively higher than estimated.  

I have a question with respect to Cash-Out Refinance.Background and some context- We bought a duplex last year and put in some money into it.- It lost money this year due to an eviction and we ended up doing a major rehab (putting in more capital into the property).

We're doing this part time as we both have full time jobs/careers in the Biotechnology Field and Federal Government, respectively.

I know them and respect them, but to think all criteria is met or not on paper only is reckless.  

Your respect for other people's money12.

I hope the tenants treat it with suitable respect.

Interested in working with investors looking for opportunities in those regions with respect to multi family properties, commercial and single family investments.

The old pros like @Jay Hinrichs will tell you the very inexpensive homes in rough neighborhoods are tough in many respects.