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I wouldn't recommend this today.
We avoided them
I wouldn't spend much time doing BPO's. In my experience, you can't make a living doing them. If you have your real estate broker license, perhaps you should sell real estate or open your own brokerage. Just my 2 cents.
That really depends on your market. Where I live, short sales and foreclosures are almost nonexistent. I used to do BPO's but it was so difficult getting paid I don't do them anymore.