Here, there were questions about the RE commission, their authority, powers, how many commissioners there are, how they are appointed, when and where they meet, etc. enough to fail if you didn't study that stuff.

They flip houses routinely, buy at the master commissioner sale fairly often(courthouse steps), have the capability to pay with cash and close quickly.

I am anxious to tap into the late summer European vacation renters as well.

This comes directly from the IRS website and was the result of a court case:"For example, In Smith v Commissioner, 300 F 3d 1023 (9th Cir. 2002), the court concluded that the replacement of the aluminum smelting cell lining was a replacement of an essential component of the cell, extending the life of the cell and requiring capitalization."

I dislike dealing with idiots.And they range from but are not limited to: tenants, their relatives who don't live there, code enforcement personnel, city bureaucrats, neighborhood nazi groups, people I hire to do work, people I offer to buy property from, attorneys, accountants, real estate agents, slum lords, starry-eyed socialist city commissioners.....

It's buying votes, so we will see more of it.Hey, at least this one goes to USAicans instead of to European banks and Japanese car manufacturers.

USA for us european il like a continent :D I'd like to invest in overseas countries like USA also if I'm italianIt decreases the risks of countries crisis having investments in different location

I have had conversations with several Foreclosure Commissioners, and at one time attended a free seminar by the courts for this process, but it just does not come up with my client base.I even worked for about a year with a company that focuses on REO's, but due to the high cost of properties, and the typical appreciation seen in this market, virtually all are bought at auction by the lenders, who then put them on the market through the MLS and sit on them until they get very near market price.

Regarding contacting local government - I've been contacting codes, county commissioner, and county mayors office for several years.

Combine that with the Europeans and Canadians flying in and buying up property, that area will turn around much sooner than anyone expects.