Lastly a couple months of vacancy to cover if you loose your tenants.

But if you want to wholesale the property to another investor, then contact a local RE Agent to give you a list of all the houses in that neighborhood that have sold in the last 5 years with all cash.

If there is a "grace" period, does anyone know how long it lasts or does it vary? 

My group has purchased over 50 properties at the Courthouse steps the last few years.

        If you have been reading about the market of Whole Sales pertaining to housing. Is this another "Me Too" type of a deal where we see that a company comes up with a good business idea and there are then thirty ...

Last two were where real meat is, especially the "Foreclosure Property Information".  

One of the local REI groups had a HML speak to the group some time ago (within last year) so the answer to your question is they are out there. 

The roof was replaced last year.

Hello,I have a new tenant (single mother) moved in last month 9/1/16 paid 1st month rent and SD.

He currently has it listed for $160 but that's crazy given the kitchen and bath need makeup.DETAILS:Mortgage Principal balance is $108 (they mentioned payoff amount is maybe $120)they are about $10K behind on the mortage (1 year in default).They went to court last Friday and the judge ordered the $10K to be paid up or they will have to vacate the house in 90 days - they don't have the capital for the $10K they owe - and they don't have capital to move.They've been in that house since it was built.