@Maria Villamar If you can't get the "Official" notice data, there are other ways to find homeowners who are struggling financially.If you work with a list broker, they can pull owners with Low Financial Stability Scores (FSS).

Do you know of any banks that offer checkbook HELOCs that don't require withdrawals, have low annual fees, and have no restrictions around how many financed rental properties are in your name?

If I send notes to someone now I ask them how many notes they have bought and what their timing is. 90% of people out there are not real buyers - window shoppers or will throw low ball offers out there.

Should I refinance the property to a fixed rate and apply again even though I will no longer enjoy my low interest rate?

It has a slight ring of "low income housing" to me.

@Jack B. using the numbers that you recently posted (I'm assuming they are the property you are considering, not the sold comp), I would take the $4300 rent, subtract the $500/mo utilities, subtract $800/mo for reserves, ($600 is too low, in my opinion) and $600/mo. minimum cashflow, so I'm left with $2400/mo.

Low crime and perfect areas for raising kids.

We have such low inventory with virtually no builders building spec homes around here - if the numbers dovetail in with what the market will support, I'm hoping it's a strategy I can repeat, then move into actual spec homes once that model has proven itself.

Like others have mentioned, mobile homes are low income housing and as long as people live on welfare, minimum wage, social security, etc.

In your experience, when large companies layoff a large number of employees, does this create a window of opportunity for investors to "buy low" for real estate in the immediate area?