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Yeah, pre-forclosure is the most w*ork. Buying at auction means "cash in 30 days" AND need to do your homework re:leins preceeding the foreclosed note.
I've had my best luck with post-foreclosure i.e. REOs and OREOs. Banks will often finance the property for you at special rates and you're getting it cleared of all previous leins. All will want a heavy deposit (at least 20%) to ensure it does not come back them - again.
As far as reading material ... experience trumps any books/tapes/seminars/CDs.
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FIRE'd since 2005
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