I am reading several of these posts about people who are investing with $20-30K, which is nearly impossible on Long Island and around NYC. 

bank financing became impossible and the interest rates where very attractive to the seller.

The official foreclosure notice is generally required to have the property legal description, which is rarely easy (but not impossible) to convert to a street address.Here in Georgia, the address is usually in the notice, but is often very well hidden among the legal blather.Since it's all public info, can you paste a sample notice here for us to see?

With the digital world we live in today, it's nearly impossible to get yourself a restart in this business. 

I think it's going to be very hard (if not impossible) to find an all encompassing software that incorporates a CRM, brokerage management, property management & construction management into one tool.Spreadsheets or maybe a custom built Podio setup might be the way to go.  

@Jesse Runyon FHA some requirements but not limited to: FICO® score at least 580 = 3.5% down payment.FICO® score between 500 and 579 = 10% down payment.MIP (Mortgage Insurance Premium ) is required.Debt-to-Income Ratio < 43%.The home must be the borrower's primary residence.Borrower must have steady income and proof of employment.FHA is good loan however, in this market finding a little harder to get then accepted not impossible just competitive right now.

I'm assuming that electrical would need to be done, but there doesn't seem to be excessive water damage.Since I'm currently a student at USNA, real-estate investing is almost impossible until I graduate, so I'm just trying to learn. 

Those 'rules' are also highly market dependent, some markets get 2% easily and others its next to impossible. 

@Orlando Perez I agree that the GC quote is too low; $81 sq ft is an impossible number to build at, especially in California.

It’s not impossible but it’s certainly work.