My money is currently held up in another real estate transaction that has gone totally wrong due to negligence on the mortgage side (don't ever use Meridian Mortgage).

Now, while this is actually sort of standard cash-flow policy in other industries, due to the way residential construction lien laws work; if the bills are unpaid on the project you own, you can actually be held liable if invoices go unpaid, the builder goes out of business and the vendor sues.However, using a good title company negates this risk entirely and these projects can be extremely lucrative for all involved.

Are there some prevailing thoughts as to the best areas to invest, for cash-flow properties, being held on a long term basis?

I would add though the military intelligence apparatus has pretty much since the inception of the Department of Army intelligence branches and the OSS, etc. held about 80% of the intelligence assets of the US.

There are a few counties that list their foreclosures online.Here's a great site that I use for sheriff sales held in NJ.

2) Where are the gatherings held in NYC to network effectively?

I wanted to let everyone know that I've set up a schedule to try and organize the chats.Chat Schedule NOTE: All Scheduled Chats are held at 9PM Eastern Time / 6PM Pacific

However, with rehab complete, renters moving in at the end of the week, we hear back from our mortgage broker that the Fannie Mae guidelines require the house to be held for 6 months if there is a lien on the property (e.g. our hard money loan).

Find out about where the auctions are held.

And, as long as the property has been held as investment property for a period long enough to demonstrate intent to hold and is investment property at the date of sale the investor can complete a 1031 exchange and defer the balance of his/her capital gain income tax liabilities.Whew!