Hi all,My name is Ray Southern and I'm looking to break into the world of REI.I've been a web engineer in Chicago for going on 15 years now, almost completely self-taught.It's been a great career, but I need to start looking ahead to retirement.I have no experience in real estate, except a condo I bought in 2008 as my primary residence, right before the market tanked.I'm still in the condo, did some refinancing, and plan on keeping it for good (great neighborhood), maybe renting it out if I start a family and need to move.My overall plan?

Here are the steps that will be taken, to produce 1 marketable property. 

Hi Jack Se I'm an agent at one of the top producing MF brokerages in the state and can help you out with your numbers.

Again, I've learned more at BP web site than all the education info I've seen in the past 10 years.   

@Charles Maxwell Hi Charles, I guess it is possibly to invest and produce cash flow out in the UK.

@Paresh Patel if your being made whole with your principal back then count your self EXTREMELY fortunate.. its rare that foreclosures on rehab loans at 70% or so ARV produce enough revenue to get your principal back  forget the interest

I now much prefer airbnb and hope the magic of capitalism will produce more competition that will hold them accoutable.

any DSLR produced in the past 8 years will be sufficient and can be had used for cheap.

@Lukasz Wegrzynski I am a top producing agent here in the Pittsburgh market. i wish i could help you personally.

A quick web search looks like Montana is pretty lenient on disclosure forms, but you should check with your local real estate experts to be sure.If a buyer learns of it I would certainly expect them to want a discount or to shy away from the property.