HiIv got a house in MI and i have $30,000 in it and get $670 per month but can increase to $800 next year, my question is all my money is tied up and no more funds how can i (i live in uk and a uk resident) buy more property?

All liens, claims, etc are paid off and/or protected against, so basically you're getting a house with a perfectly clean title and no liability issues (there is always some risk, but no more with an REO than any other property you might purchase).- Generally, REOs are going to need more renovation than a house you purchase from a retail seller.

a 65% LTV secured loan that we'd be offering would have the equivalent of an A rating or better (obviously you wouldn't state it in this fashion since your loan is not rated by a rating agency).Yes, this is relatively illiquid and as such, it would be strongly suggested that this constitute no more than 25% of an investor's assets.

My feet on the street B of A loan guys are all starting to worry about 2012... does this just mean that they are going to do massive layoffs or is there a possibility that B of A could completely shut down it's mortga...

They use this to their advantage, along with an experienced team of contractors to find properties for less than $20k, spend no more than $10k in repairs, and easily rent them out for $900/month or more.

We manage several homes that are 4 bedroom and it presents no more issues then a 2 bedroom, whether it is section 8 or not.

How would it look if on someones website it only shows the sale price, rent and gives no more info?

A slight improvement might be possible, no more than a few percent per year.

I am financing some of the purchases, but I make sure that my P&I is no more than 25% of my gross rents.

Say no and move on to someone you are more comfortable with.I am not sure if this is correct, I believe what Nathan is saying applies to owner-occupied properties with no more than four units.http://www.housingrights.org/askhri/faqs.htm#holl