In my state the lender sends a lawyer to represent them and to bid for the property so that if a buyer won't pay a fair price, the lender will win the bid and end up with the property.

During the first year, I utilized a house-hacking strategy, renting out bedrooms while living on-site.

Exit strategy is refinance 800k, the projected rent roll is 10k to 15k. 

They're the kind of pros who can dig into your plan, give it a good shake, and offer smart advice on everything from portfolio strategies to tax stuff.Sounds like it could be a game changer for you, right?

My rough strategy is buy SFH (older but (semi) recently remodeled B- to A- properties in good areas likely to continue appreciating and attracting good, trouble-free tenants) 0% down VA (may consider a small amount on second property, like up to 3% just to speed things along) and stay in it as my own primary residence until at least 10% of purchase price paid off and able to cashflow 300+/ month after mortgage, taxes, insurance and 15% set aside for repairs, vacancy, and maintenance (like I said, I'm not overly interested in rental RE, so I want to be sure it's lower effort and worth my time in return).

It's also one of the dumbest strategies to use because of the timing.

I do understand that this strategy will mean lower returns as well. 

So the success rate using alot of these direct to seller strategies are low.

I would say rent prices have not kept up with sales prices if you are using a long term buy and hold strategy. 

I’m really trying to nail down the details of this strategy and hope this thread helps someone else as well.