know it's been talked about a little bit but how about a whole show on how to buy at auction - and what not to buy at auction.I think the biggest area to discuss would be 2nd liens, ie "holding the bag." that could financially ruin a newbie & I don't wish that on anyone.can bring up the risks and rewards, etc.

(Double check that since I know there are some rules changes I don't know about for sure since they don't apply to me)There are loads of posts on here about estimating costs and whatnot for repairs, try looking in the rehabber section.Find a realtor that knows the area well, especially if you don't.

@angela : Wow, I am glad you learned what not to do.

Didn't know jack about ARV's, and what nots. 

This friend told me today that his aunt sold her house for around a million but only received about half of that because of taxes and what not.

My father is an electrician and while I’m not one myself I think he has been able to put meters on existing lines and whatnot to help gauge who is using what.

I DON'T think the ROI is worth the (expensive) newspaper ads or sending out flyers or what not.

You better watch out for foreclosure rescue laws in your state, and FBI and Attorney General's office really doesn't want any consumers messing around with peoples houses that are behind on mortgages doing creative dealsForeclosures and short sales are not a place for you to make a lot of money these days unless there's a huge amount of equity, and even then unless you buy the house out right for cash (ie what not to do is you cure the note and buy on subject to) you're risking getting the authorities involved with foreclosure rescue activitiesYou might consider a joint venture with the seller150,000 minus costs to sell of 10% 15k = 135kPay the 112k = 23k - 10k in repairs = 13kI would see if you could split the 13kGive him a note for 6,500 , Fix the house and resell and make 6500

Emails and what not aren't nearly as good for working out contentious topics as a real back and forth conversation.

Why not get your real estate license, and sell houses, focus on investor buyers, and learn what to do and what not to do while watching others that are out there making it happen?