A 1,432 sqft, 3 bed / 2 bath single family home was just listed today in an area that rents for around $1,200 a month.  

It is in a great location, and listed for an unusually low price for this area,  and it didn't even look that bad in the online photos (for a foreclosure), so I figured it must have something unusually negative about it that wasn't readily apparent, like "black mold" or whatever. 

Most towns, I believe, have protocol for that situation, too--go down to your local planning office and ask about thatI think some time spent down at your local planning office with a well thought-out list of questions will help give you the answers you need to make a decision with confidence.  

Looking to see if there are horror stories or lessons learned out there on these types of sites.Thanks all, first time posting, have not yet bought a property but it is on the list for 2017.  

In a 1 square mile area of a region I am looking at investing in there are 5 houses listed between $100k and 130k.

Looking at listing may not need full rehab, new roof and water heater done, 3br in neighbor run 900 to 1000, rehab for low maintenance, try to buy as low as you can , look at comps, probably could go in as low as 38-42 with good agent and stress as is, maybe a few agents here to help, get one to give you good numbers not listing agent numbers , street is a nice one for area, not much back yard or parking but nice front, before you close make sure vacant  contingent, if numbers work I would do it, the are predicting an abundance of rentals avail next year with building craze but keeping expense low you should be safe, remember don't rehab as if you are living there, think durable and repaintable, number should go into systems and structure first, elect,heat,walls, windows,floors,plumbing, if you use a contractor go with one you know or work with someone in area to keep an eye on progress, good luck at least you know some of the history of the property

What is the best list to get the highest quality leads from?

So what you'll do is find the "community" tab on the top left of your current page, click on networking and then it'll pop up with a small list of them.

While the house might be a "Waldo" if prices correctly and listed with a competent broker it should sell for more than a direct sale to an investor.If you are looking out for your grandmother encourage her to sell with a great listing agent in the area.

Example 1: on the Cash on Cash ROI:How are you arriving at the percentages listed for year 1,2,3,4,10,20,30?