My meetup and a bunch of other folks on this board who run meetups are also a great place to get this kind of local knowledge.Bottom line - invest in an area that you can easily become an expert in!

That way you can easily deactivate the key card preventing “lost” keys from being used.

This is assessed more easily on a personal/individual level; there is great skill involved in tactfully developing a risk appetite profile for let’s say a pension or institutional fund, or even a potential private investor.

A building like the one you posted is easily high 7-figures or more.You need cash and lots of it.  

However, if I were to split the house into sections it could easily be a 3 bedroom over a 1 bedroom over another 1 bedroom.

I took my time to aquire quality properties that rent easily and are well maintained.

And let's say that nobody is willing to bid above $100K, so the bank gets the house back.While it may be true that the bank's purchase price of $100K wasn't a very good deal (as Rich pointed out, the bank "overpaid" for it at $100K), that doesn't mean that investors won't have the option of picking the house up as an REO for much less than $100K.In fact, the bank will probably list the house on the MLS at between $70-100K (given the scenario above), and if there are no takers, the price could easily drop by another 50% or more.So, while investors had no opportunity to pick up the house for less than $100K at the foreclosure auction (which wouldn't have been a good deal), they very well may get an opportunity to purchase that same house as an REO for $50K or less.And buying REOs is *much* easier and less time intensive than buying at auction (in my opinion and experience)...

I would think excel could be easily confused if I don't set up correctly.

You can easily find those kinds of investments in the Cleveland area.

If they are professional, they can explain this quickly and easily.