If you read the booklet, you will see that the main concerns are around ingesting paint chips and breathing dust.  

They said it was most likely the bottom.Its true in the next week or two we may catch or breath from this huge fall but I don't think it's over.Wave 1 of the selling, was a bit of panic and also the banks/investment companies dragging everything down with it.

Now we've always rented to people with both but it's always a risk that involves quarterly walk throughs (filter change out, quarterly bug spray) to verify that the property isn't being ruined or the animal mistreated.

My realtor has a filter which sends me some properties once in a while, including foreclosures.

Also, being willing to take on distressed properties and muscle out the rehab will help you filter out some of the competition from the hedge-fund investors who are willing to pay top dollar (typically above asking price) for rent-ready properties in these markets.Rents are growing at 8% or more YOY in these markets. 

Take a deep breath. now breathe out.

Take a deep breath and do it right.

I think this was in the chapter "Teach pigs how to fly"Light bulbs:  $10 eachWindows: $50 dirty $200 replacedClogged toilet:  $200 if toys were flushed downAir Filters: $50 a piece"So, it goes"

It will be more efficient if you use a website that provides leads and means of filtering them.

@Drew Dordan - When you use a list that is filtered such as "probates" "per-foreclusures" "Absentee Owner" etc, you are speaking to that group as a whole, so you can write copy (or choose pre-written copy) that is one size fits all.