Therefore, if you subtract the mortgage payment (P & I) from 1/2 of the gross rents, that will give you a more accurate cash flow than you'll get from any "tool", crystal ball, or Ouija Board.

Since I am digging myself out of a hole financially, I am not able to get the ball rolling on my own investments.

There are people paying their taxes on their credit cards and borrowing from their 401k's (taking the penalty) in an attempt to keep the balls in the air.

From experience I made a really low ball offer in dec of 2006.

Once one of them is paid off snow ball that payment into the others and they're paid off in 17 years.

I've kind of been turned off from foreclosure/auction/sherrif sales due to the long process and the inability to inspect the property etc.Besides getting the "balls" to actually approach people in preforeclosure situations, the main thing holding me back is financing, I simply do not have the money for a downpayment.My plan was to buy properties, hold on to and rent them until the market turns, and then eventually sell, but that may not be the best option at this point.Reading this forum the last few days I've been hearing some new terms:bird dogging - http://www.biggerpockets.com/articles/bird-dogging101rb.htmlwholesaling - http://www.biggerpockets.com/articles/wholesaling-properties-lg.htmlTo be honest, I'm not 100% sure what the main difference is.

I'm hoping to gain some knowledge from all of you to get my feet wet and get the ball rolling.Located in Vacaville CA Thanks everyone in advance for what I'm in store for.

Nobody has a crystal ball to identify such a precise figure, just as nobody can say what the exact bottom of the RE market will be.

They will be playing ball till 12/28...good luck and good hunting

After you have located an end buyer, is it your responsibility to submit the paperwork to the title company in order to get the ball rolling?