Don't go at it on a "gut reaction" check your numbers carefully and run a cash on cash projection with realistic occupancy and expenses.Good luck!

So we do need to caution folks on this scenario and they need to look at the default mechanisms in their particular state we just cant make a blanket statement we will just take it back.the home owner can and will go at long lengths to stay in the home.. and I some states this can be YEARS and your equity goes bye bye..

Worcester county opens up a few possibilities.Your income isn't likely to get you where you want to go at this point, either.  

If they all go at once, that's a whole different situation.  

@Stuart GrazierIt's ok, I'm mostly just "gettin' your goat." 

The status of the real estate market is going to play a major roll in how profitable or unprofitable it can be.A couple years ago everyone was flipping due to record low prices now the market has moved up and margins have slimmed down.To really make a go at it you need to evaluate what your competitive advantages are.

Read through the forums here that talk about the nightmares that can result from trying to go at it yourself.

When you were ready to go at it alone, you had the blessing of your mentor and they assisted in your success.

I took on a partner during 2012 who has had experience in Real Estate investing and we have decided to give it a go at the Wholesaling and Rehabbing side in 2015. 

They will probably be able to ofter you a name or two of some of their better clients that are contractors for new builds.How did it go at the building department today?