I kind of understand this method as far as having to pay yourself a reasonable salary and then be taxed only on that, but the question that I have is whether or not you have to follow all the formalities of a full blown S-Corp, or is it the same as an LLC with just a better tax advantage?

I have a BA of Arts degree, and only 9 months formal employee experience as a loan officer for Huntington Banks, (not an option again, $30,000 isnt worth 40 hrs).

The home I was very interested in about 2 months ago was just formally listed as REO a few days ago.

You received this document prior to actually formally applying for a loan (or at-least that is the way it should go) by signing a Uniform Residential Loan Application (Form 1003), Good Faith Estimate (GFE) and other disclosures.

You could also look at less formal lending options.

If you can post the County I may be able to help you further or at least tell you the redemption period.Maryland tax lien auctions, each county has its own rules governing sales, interest rates and redemption period.Maryland does not conduct formalized tax deed sales, which is why you or the other party will have to handle the foreclosure.

You should shop some of the larger national real estate brokerage firms as they usually have the best formal training and support staff.

Or, for an investor, the cash flow.Get a formal education, degrees in RE, finance, accounting, engineering, construction management are all good for RE, lots of specialties.Probably your next educational hump will be RE financing, know the basic guidelines and understand what your bank will do and why, most Realtors don't get to the why stage, that's important to understand as exceptions to rules are based on the why it is done this way.

Postcards can be effective because they don't even have to open them, also manila envelopes almost always get opened.As far as the content, try one letter that's very formal and looks like a professional company.

I was assuming that though I'm thinking that if I'm buying at a discount I might actually push the appreciation negative in the short term, especially if the property isn't formally identified as "distressed".