We tried short sales, but that was out.

Mortgage+taxes= $2700 per month.In 2010 I bought a 3000 SF short sale for 860K, renovated, now it's got 6 bedrooms and renting out for about 18K per month, mortgage+taxes are about $6500 per month (15 yr mortgage)There's some other business expenses as well with these houses.The business of renting out the self help houses is maxed out.

A lot of posts here about not offering a deposit, just to be clear, that will likely not work if your offers are on REO or short sales, banks will not accept them typically.As to the OG question, I have a question back . . .

There should already be something recorded (a deed of some sort) for the change in ownership from the foreclosed borrower to the lender shortly after the foreclosure.

Due to a short sale on my credit report, I'm not eligible for conventional financing.

This is a walkout on the long back side, and could be walkout on the driveway short side.

I'll have both 2 years seasoning on my short sale and 6+ months on my rentals to switch them over.

This is a short sale listed on zillow.

I anticipate some short term unhappiness, but that is equivalent to adding about 1.5 1BR units to a 6plex.

The big question... is this a short term competitive market, or will things get back to normal again sometime soon?