There are so many cool and exciting things going on.

Cool thank you.

I think in your specific example your wife may need to do some further research to understand the state of the market (where I live you have 24/48 hours to make an offer although it's cooling down).

I've read about self directed IRAs (just learned about them) and I am also totally cool with gutting my accounts.

Over the last 5 years we (@Sam Wilson and I) have developed a pretty cool and detailed system for tracking preforeclosures in Tennessee - primarily in Memphis and surrounding counties (but could easily be expanded to any other county or city).  

@Andrew Johnson  I buy milliions of dollars in materials a year probably in the order of 10 million.. or more.. its such BS that these companies can save HUGE money doing it volume its all a pitch and the folks just don't know what they don't know they are drinking the cool aid.. :)  We get good pricing but you can't take a full 25 to 30k rehab and do it for 10k or 15k.. not possible. unless you simply don't do certain things..

I'd take that OOS.... then come back when the market cools off.

@Garnett Broy Oh wow...pretty cool!

Deal with it best as possible, keep cool head, and rebuild as necessary.https://www.youtube.com/watch?

Sometimes a house is distressed to the point where banks won't lend so they can only work with cash buyers, throwing realtors in the mix just slows down progress on finding a qualified buyer.The market I invest in is pretty cool, so a house will sell for 60 or 70k, but it will be on the market for 6 months.