You can get new in box appliances that are models from 2-4 years ago at very good prices.

However I'm a little bias as that is our whole business model ;-)Hope that helps,Chris Pre

I think your biggest first step should be to change your mental model of yourself and your story.

You don’t have a business model yet or you’d know the answer.

It's great stuff to know that others have had a similar experience.It makes sense to me that something that relies on effectively hedonic modelling but on such localised / thin volumes, would run the risk of this sort of behaviour.Thanks again to all who wrote back!

The nice thing is, they cashflow the day I buy them and when I increase the rents (which I can because that's what I buy - only buildings in areas where I KNOW with 100% certainty the rents are increasing), I create higher cashflow and higher value.This model is what I am doing and it enabled me to deliver double digit returns to my investors and no investor of mine has lost his/her capital with my company.So the model works ;)

That is damn near 3X the income from the traditional IRA and 2X the income from the Roth.SHOW ME HOW YOU CAN DO THAT WITH THE BUY TERM AND INVEST THE DIFFERENCE MODEL. 

We are starting here because we are first creating a process and business model before we do anything else.

@Eric Bender Yes, they may try to intervene and delay the foreclosure but the play is to collect more rent than what they paid.On the Clerk’s site you can see all mtgs and liens on the properties and the LP for the foreclosure....this tells you who is foreclosing and if you look chronologically, you can determine what position they are in.

At this point I’m trying to put together a game plan and after having read these three books this seems to be the recommended path:   A: get a real estate license,  B: start searching the MLS and other resources for deals, C: start viewing properties and try to assess good deals using J Scotts MPP model, D:make an offer.