Newbie in REO

[Michelle Williams]

Thanks guys for the entertaining yet educational debate.
Any of you seasoned REO investors wish to share the keys to success in this niche?
I am just getting started in REI and believe this is the niche I want to start out in.
Short sales are filled with too much emotion and paperwork.
Wholesaling, I would liken this too exept I dont have to drive around town looking for properties, just look at what banks have to offer.
I really dont want to be bothered with Renting properties , although I do have it in my plan to hold on to a acquire a couple LO or sub2 for long term.

To get started here in REO I planned to get a private money loan, last choice is hard money. From there do I just negotiate an offer to the bank and then flip to another investor/sell retail.

I still have to be able to come up with some of the money however, right?

Is it true that as long as I sell the property within 30 days it doesnt look make the title look bad? (chain of title)

Thanks guys
Michelle