DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

Indiana has a good rental market! 

We also have 100’s of markets with their own MLS rules as well.

We have found that finding an investor-savvy agent to buy property on market and a solid wholesaler to buy off market properties is the perfect marriage to find deals. 

Springfield MA is a great market for rentals!

Broadly speaking, I would say network with developers in your market that are doing what you want to do.

The "half assed rent collectors" you alluded to - while I don't advocate for that approach, and it's not what we do - have figured out that there is a market for exactly what they are doing.The real question is, is there a market for what you're proposing?  

Or is a matter of how desperate the seller is to sell the property .... maybe it has been on the market for more than 60 days, or maybe it had a Contract fall through , and they are just ready to get it sold ?

The reason I want foreclosure is for the equity, since they could be under market value.

You can determine a competitive offer price for a property, analyze market trends, property condition, income potential, and operating expenses.