So many of my peers will run around creating this culture saying that it's worth refinancing every 6-10 months, which is instantly what I think of when I see "go refinance again" followed by three exclamation marks ("!!!")

I get paid to close real estate transactions.Here's reality:If I tell you that we need a 60 day close of escrow, what % of your deals will be instantly killed?

Since my last post was removed here is a better pictorial representation to bypass the irony filters:In fairness the question may have been serious so I will try to avoid being a complete jerk and say that if such a miracle site existed everyone on BP would immediately be instantly wealthy (on paper at least) and many investors would be investing in ridiculously risky investments.  

That way, when a great deal comes along, you will spot it early, instantly know it is a great deal, and be able to pounce on it with confidence.

This reduces my cost and allows me to build more instant equity.One last thing.  

It sounds like it could be a potentially good deal with some instant equity built in once you rehab.  

@Steve Vaughan  unfortunately the seller does not have the right to collect the rent they don't own it.NOw if they would have done what I always would have done when I was doing these as a seller I would have done a wrap.. in CA its called a All inclusive trust deed.. .. the buy buying it still buys it.. but they owe ME the payment like a seller carry.. and I make the payment on my loan thereby knowing instantly if they are defaulting... when you default to  a lender it usually takes a bit to find out ... and the damage to your credit is done.. .also with the AIDT you have the Assignment of rents clause that lets you go after the rents...

I'm a newbie to real estate investing so it was a good way for me to get instantly exposed.  

There's many vendors that can help you with this and can get you setup instantly.  

These are Fannie Mae Forclosures.Other ways are driving around, "driving for dollars" looking at individual bank websites for REO.s, Keep looking, I do spend a lot of time on the computer, but automating searches is a great way to get instant notifications of properties you may be interested in!