They can often put you in contact with local property managers and contracters, and I feel as comfortable researching the rental market online as I would in person.

That is different for commercial space as the tenant often pays the expenses.

Short answer, James is correct.The home isn't the bank's to sell.They can sell the loan as they often do in bulk, at a discount.

I've found profitable deals on the mls, but not often.

These areas are cheaper and often offer better cap rates.

REO's often have additional requirements like proof you have financing lined up.Assuming you and the bank come to an agreement, the purchase contract goes to a title company or closing attorney.

I do not sell often.4.

Lastly, keep in mind that around colleges & universities, property is often sold at a premium price and then it may be in substandard condition.

Safety and Security are ALWAYS the number one concern of tenants, and they should be yours as well.

Visit a few FSBOs and you'll find that more often than not, they're priced higher than the agent listed homes in the same neighborhood - believe me I know.