Converting foreclosed properties into rentals

Can you convert a foreclosed property into a rental property?

It’s not exactly a secret that there have been a lot of foreclosures in the Las Vegas residential real estate market, but can someone put those properties to use? In some cases these can be a good deal. If you happen to live in a market which has seen an inordinately large number of foreclosures — and Las Vegas certainly fits that bill — you will be able to find tons of properties at remarkably low prices. In fact the government is beginning to encourage investors to do just that. The Obama administration is looking for investors to buy up as many distressed properties in bulk as possible, to get them off the sales market. Only time will tell if this strategy will work.