If you are looking to start investing in some real estate then the perfect way to do this is with government foreclosed homes.  If you're unsure what a governement foreclosed house is then let me briefly tell you.

There are two types of government foreclosures, the first one which is usually the best to get is tax foreclosures.  These homes have been taken over by the governemnt because the owner has failed to pay their property tax.  The taxes have to be paid at the end of the year and if they go unpaid then the government forecloses and sells then at auction.  The auction will normally happen and a government building sometime between April and June.

The second type of government foreclosed homes are ones that have been siezed due to criminal activities, normally drugs.  Usually these homes have been cleaned well, but they are often not as nice and usually located in parts of town that aren't as nice.  These government foreclosed homes are sold at auction 1-2 times a year usually at the courthouse, prison, or near the impound lot.  Usually the bidding starts at whatever fees are owed to the courts by the owner and then are sold to the highest bidder.

When deciding which ones to go for it really is a matter up to you, normally you get a better deal on the drug homes, then the tax ones, but often they require more repair.