If I get a response on one of the properties, I will then assess the value and financial situation, see how much they owe and proceed accordingly with a short sale (if possible) or simply buy the house from them.  

Hi Quinton,This may or may not be applicable to you, but if by "unemployed" you mean "on temporary disability, but my job is waiting for me when I get better, and we have an estimated return to work date," than this would be a scenario where ADA trumps ATR and you can still get a traditional mortgage.Fannie guideline on long-term/permanent disability, on social security disability, and on what may be applicable to you: "temporary leave income," which includes short term medical disabilities.For that last one:Just like women/men on maternity/paternity/pregnant leave, a gap between temporarily reduced income due to medical condition, and your normal income, can be made up for using asset depletion.

Oh, Sorry I guess the discussion was a bit too short and sweet.

That could mean paying a bit more, paying the title policy, giving a low-cost lease back, or something else that's attractive to the seller.I hope this is informative.

I've been on BP for a short amount of time.  

We have had great interest and have had 3 short term booking and 1 booking for 19 days within 1 week.

Currently, I invest in SFs and location is very important for any prospective properties - 1) because it may attract a certain tenant (ie. great school district, or close to a college campus) and may also help me avoid certain tenants that might be troublesome and 2) future resale/appreciation.I am interested in pursuing MFs, and I find some really great cash flowing properties in my city (and out of state), but they are located on the edge of what might be considered less desirable part(s) of town.  

@Toni Annis You won't have depreciation really to speak of with such a short hold.  

Your hold time is way too short.

Short and simple here:  Be the investor you would want your children to grow up to be.