I am also shopping around the internet at some of the places you mentioned.

An idea that I might try.Write a simple skinny contract of sale one for each propertyMake the contract subject to and contingent on third party assignment.Subject to lien and judgment report (you need to know what is in the chain of title)Get good comps, you need to know the estimate market valueNeed to determine the estimate potential equity Once you get a list of liens, attempt to negotiate a discount; write an option to purchase the liens at the negotiated discount.Negotiate with a local auction company to sell them at public auction; auction them all in one day.The auction should be a "reserve" sale, the reserve is UNDISCLOSED TO THE PUBLICThe terms of the auction; as is, all cash and subject to the approval of lien and judgment holders and record ownerUse banking days in your contract (gives you more time to close)Make certain you use an auctioneer who sells real estate regularly and has a god reputationQuestions to the auctions company; how often to you sell real estate, where would you advertise the sale (news papers, internet, radio, etc. for how long will you advertise, can you give me an advertising proposal, how much advertising cost will you charge me, how do you get paid 1. flat fee, a buyer's premium, seller commission, do you cooperate with agents, how soon can you have the auction, what size signs will you install (sign on the property should be large, maybe a banner on the buildings), how many directional signs will you install, what deposits would you recommend (too high of a deposit will discourage bidding), will you mail post cards to selected areas, will you hand deliver brochures to businesses in the area, will they be black and white or color, will you give me a list of all inquires receivedYour should preview the auction company's disclosures and contractsAuctioneer should disclose and announce at the sale that the sale is an assignment sale.Auction sales should be conducted in front of the house, inspection should be one hour befor the live All high bids should be taken (even if the price is way lower than expected, this gives you and opportunity to negotiate with all  in the chain of title

When I research this on the internet I see people saying they make 5,6,7k per property a year.

I found that once I was a little more experienced in how to run a rental, had seen how it was working and was back in internet land, I was able to do most of it myself, and a little more pro-actively, so the value-added wasn't there any more that would justify a 20% fee to a management person.

I would essentially go into these properties rehabbed and rented for no money down and good cash flow.I can not find any where on the internet a calculator on how these loans work.

Hello BP community.My name is Julian, I started as a software developer. In 1999 I started a web hosting company and grew it to be the 2nd largest in Mexico, sold it, I took a year off, got bored, started yupicall.com...

@James Smith it's been a fun time but not exactly "home".As far as towns, I'm primarily looking at Dover/Dover Point, there are a few duplexes in our price range, unfortunately around Broadway St, they look in "ok" condition from what I can tell from the internet, our agent will be doing a preview for us and we have a friend on the ground who can do a walk through to see if we should nix it from the list or pursue. 

If you found a listed property on the Internet, it was because of the broker's marketing efforts.  

Very good resource to have in my back pocket.But one of the drawbacks to being a three-one-fiver is that our courts apparently don't have internet yet - nothing from Wayne county reports to New York's website. 

The best educational package for investors in the internet, hands down.