My current position with the Federal Government in Afghanistan won't allow me to do a strategic bankruptcy as they monitor my creditworthiness in relationship to the security clearance I hold.

.) - 50% down payment - 7% INTEREST ONLY - 5 year balloon payment - 3% loan fee plus closing costs - taxes & insurance are not escrowedRent ratios run 1.2% - 1.4%I am not a fan of the 7% interest only portion of the deal and at these costs, I believe I could actually purchase the property outright, earn the return over 5 years and be in a position to purchase another with cash.

If NCF is positive for a property, it is added to your income, if it's negative it's added to your debt payments.For your new subject property, since you have experience, they should take the market rent as determined by the appraiser, multiply it by 75%, then subtract PITI to arrive at NCF.

I didn't see anything that would make a great case for you but I think your position is clear.

Then subtract out debt service and what you have left is either positive or negative cash flow.

I am looking to transition out of my current job by the end of this year and would like to position myself for a future in real estate investing.

As for Denver County auctions...In Colorado auctions are held by the public trustees of each county.Below is a link to the Denver County public trusteehttp://www.denvergov.org/clerkandrecorder/ClerkandRecorder/Foreclosures/tabid/437349/Default.aspxI have not attended Denver's Foreclosure Sale/Auction, but my experience is that the public trustees required a certified check(or other good funds) at the auction.I would certainly speak to expert before participating as it is a buyer beware (caveat emptor) purchase: -No guarantee that the foreclosing lien is in first position-No rights to inspect-Can be redeemed out by other jr lien holders after sale-Persons may still be living in the property and require eviction or other arrangements-Lessees may have a grace period to leave-All sales are finalI am not an expert and that is just my personal understanding.The aforementioned is personal opinion and none of the content should be considered a binding offer or agreement.

I remember back when I was 15, I went to my local grocery store to ask about a job position and spoke to the store manager.

I ask because it is often much cheaper than using hard or private money.My understanding is that many banks and credit unions will still provide first position liens on investment properties (as long as it and the borrower meet the criteria).This post is only my personal opinion.

I'd rather use a Scottrade account and pay minimal fees.That said, I am surprised at all the pro 401(K) positions from a lot of good investors in this thread.