There's ample evidence a massive consolidation is underway in the banking industry, and GMAC will just be another small piece of this consolidation.ResCap also will be spun off, or its loans will be picked up by some other servicer.Numerous other companies have experienced exactly the same fate.

Or would you give an offer to the debtor and the debt enforcer and try to attain the "problematic part" before the auction?

In order to successfully raise capital of this magnitude, the founders must have a track record of success in the specific field of specialization in a size and type the same as the proposed investments.In order to acquire a track record of success it would require that an individual begin as an employee of an established private equity, buyout, or similar company, and advance to a level of responsibility for decision making as to investments.Candidates for these positions are culled from the top graduates of the top 5 MBA programs, or sometimes PhD programs with a degree in a specific tech field related to the endeavor.More attainable to the person without said credentials would be to establish a track record of success in real estate investment and put together a small to medium size syndication with a significant seed investment by the operating partner.

So even though many blogs, gurus, and coaches teach people to set out on this crusade, precious few attain their goal.

Since there is ample on-street parking I plan to leverage that to "make more spots"..

I'd like to make sure I have ample time to learn the business as well as get acclimated into working a full time job.

you wonder why I preach to payoff SOME real estate debt as soon as possible.. that free and clear assets are something to attain not refi till you die max debt..  

Just purchased my 2nd home in Colorado last Fall 2018, I didn’t keep the first one in order to use the proceeds to eliminate debt and use fund for down payment to attain a lower funding fee.

A lot of people who post on here never invest anyway, but give themselves hope with OOS because it feels more attainable.

I have always left and learned from Robert Kiyosaki that my odds of attaining my goals are much better through RE than anything else.