By the time you find a property, you likely will be approaching 60 days anyway.

Chicago has taken the approach just tax you to death (it is Illinois).  

Same with a full rehab.I'm mostly looking at conventional loans, tho I have two possible people in the wings I can approach about PML (still have to land a deal in the area they're looking before they'll consider it though), which is much more what I'd prefer.Glad to meet a fellow PA-er - thanks for reaching out and getting me to specify the above things.  

That's one approach, and I bought my home that way at auction from the bank.The home next to me was also in foreclosure, had liens due to various items, chief among them real estate taxes for two years.

Most people who can actually bring this in at a profit of $20K deserve to be better compensated for their skills.So my qualifier to the 70% rule is that the 30% must be greater than $50K in all markets and approaching $100K in my market.Good luck

Approaching them (if not listed) should be done with caution so as not to run afoul of any potential laws regarding homeowners in preforeclosure.

Approach them, if they say no, then no dice, find something else. 

I found the corporate approach that these commercial firms operate within to be largely unappealing.

I currently have been approached by a friend that an amazing 2 year old bed and breakfast is for sale in my area.

I am approaching this as one would in choosing a good school and not so much racing for that first commission check..although experiencing both early on would be great, of course!