I think people buy multifamily with not enough reserves, don't plan for capital improvements, start deferring maintenance, slowly the deferred maintenance catches up, resulting in less occupancy which leads to foreclosure.

if so, mls, loopnet are a great start..call a few commerical brokers in the area and tellthemwhat you want..they'll let u know when they have it...i purchase properties that need work and have tenant problems...i get these leads from craigslist and my signs..i also call landlords when their property looks like crap to see if they want to sell..

THAT always leads to an interesting conversation with my buyer:Me: "I need $17,000 for this one"Him: "But it's in MLS for $12,000"Me: "No it's in MLS TODAY for $12,000.

This type of business can lead to having a park named after you.

I have purchased homes that were leads from guys like you that I met, guys that know the area.

Both leads came from BP.

You can change the carpet then lay down some plastic runners leading from room to room.

In short, for accounting purposes a property on the books for a bank reads as if it were money in the vault, the amount commiserate to the original mortgage value.

I get about 15-30 properties a week from them and usually they are good leads.

Not sure how the value is established for that purpose.