Additionally, E&O will become problematic when you sell your own real estate and view it as a conflict, especially when you are involved with the development team.

Hi Jessica, I put the house on the market instead as the MTR strategy involved significant upfront capital that I wasn't ready to for.

Just know the layers involved and be sure you are still able to complete due diligence on the sponsor. 

Of course, many investors bend/break this rule, but that's another risk.2) If your bid wins the foreclosure auction, you then have to deal with getting rid of any occupants - who may steal/damage everything they can in retaliation:(3) You MUST have a great crew on the ground that can minimize surprises - not easy to do on your first deal.Regardless if you buy a foreclosure or other property, read our copy & paste advice below:-----------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Quote from @Andrew Syrios: Welcome to KC Leo, I would definitely recommend getting involved in MAREI, the real estate investor association here. 

With over an estimated $300 billion of extremely delinquent debt yet to be liquidated to the secondary market, there is a a lot of opportunity to reposition these loans, keep folks in their homes and make a very nice profit for all involved. 

I populate all my own mailing lists, which typically involve only motivated sellers (high equity, divorce, probate, foreclosure, tax foreclosure, etc.).

Originally posted by @Nate Astrup:Leaving a quick review of All County NEO in Cleveland and Columbus to hopefully save other BP members from the headaches involved with having this company manage your property.

Would getting an attorney involved be best?

Hello, I’m interested on getting some insight from anyone willingI currently live in Seattle and want to get into REI but the cost out here makes it tough to be able to get involved without capitalI read the out of state investing book and it got me interested in trying somewhere that I don’t have to burn up all my capital to get started1.