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I still say take a broker to lunch and ask him. Preferably a commercial broker.
You don't have any secret information. The things you mentioned are known to lot's of people but the spoils go the guy who can see, foresee and ACT.
Don't trust your own judgement--test your ideas on other people in the business. Not loudmouth RE types, but people you trust.
The broker will know lot's of people with money, and how to buy properties out of foreclosure. As I mentioned, the learning curve is steep, there is no need to go it alone. Don't try to make your first deal the 'big deal of the day'.
My thoughts might be 'Why are there so many properties in that area in foreclosure?' Perhaps people don't want to live next to the new road. Question- Why will new people want to? Commercial property takes time to mature.
Good Luck. You are on the right track. Take your time. Talk to a commercial broker.
Let us know how it is going.
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"Go confidently in the direction of your dreams. Live the life you have imagined." - Thoreau
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