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!

More-or-less a reliable instant appraisal system that a 95%+ accurate would be pretty nice.

I bought my first primary residence this way and had instant equity so I know it can be done!

This isn't the path to instant riches-- it's slow and methodical, but it's working for me (two flips and one hold property over the last 1.5 years).It took a few weeks of work, but eventually I found two local Tampa banks (big banks pretty much just laughed) that offered me fantastic terms on a PLOC (one is 1% over Prime and the other is 2% over Prime). 

I happened to run across BP podcast by chance and instantly got hooked and have been listening to them non stop everyday when I drive to/from work.

But when I use the instant CMA tool the value is 133k.

I installed one so i would get instant hot water in my upstairs bathroom.

Personally, with such a great deal and at least $100k instant equity on the property, I see no issues with paying closing costs out of pocket.

I've read 2 insurance policies is instant denial of claim.