HUD's and bank owned are down, but there's never going to be a shortage of properties.
I'll buy any house that doesn't need basement/foundation work. Messed up roof? Plenty of roofing companies in Columbus. Mold? Cut that shit out, treat it and move on.
I buy some pretty jacked up properties. Got burnt on one and lost about 20k, but I've made 10x that the last few years doing what I do. Anything that makes you good money requires risk.
I'll also never buy a house that isn't an investment. Even my personal house:
102k purchase price
40k in work
Just appraised for 195k
Sucked balls doingi it, but my mortgage payment on a 200k house is less than 1k. In Hilliard, in HCS.