I currently live in Maine, actively doing market research on Maine, New Hampshire, and Connecticut Time to take action!!!

And I also just fundamentally believe that real estate is a good investment right now.Would love to get more of your insights regarding what you think is my best course of action if I decide to buy properties out of state (I.e how to find the right management company, how to do inspections, finding tenants, and maintaining the property).

Hey Sejin, I’m a local broker and airbnb investor (100+ properties managed)There are numerous benefits to selling with a realtor, the average sale price is close to 15% higher than FSBO, and a good broker will help with the sensitive disclosures and paperwork associated with transacting a property. 

I do feel bad they are losing their home, and want to be sensitive to their situation, (and would like them to not trash the place.) what are the requirements for the cash, do they just have to get the big stuff?

When gurus tell people "just take action", I cringe.

For the reasons previously mentioned.The closing attorney did not answer the question I had about what to do if an investor buys using Subject To, sells on a wrap and there is no equity (as you rightfully say, the current crop of investors believe to be okay to do) We shall see as they fail, in Subject To's that are bought over leveraged, or sold on wraps, what course of action the investors will attempt, in order to try to avoid the DOS and what response the regulators will have.

I agree with the mortgage payment metaphor, although it's not exactly the same circumstances, so that's why I'm not 100% settled on course of action.2.

People would want to continue to educate but not take action.

There's a lot of preparation, a ton of patience and when it's time to strike, very little room for error and a lot of action all at once! 

Only taking action if the deal has fat projections, meaning the seller has lost his mind and wants to sell for a ridiculously low price.