Many of these almost retired people did not save for retirement for whatever reasons....and will only rely on SS and perhaps a small savings.... this is a hard known fact....Great for those who will continue to afford living here..... the good thing is that there is an option.... and many Americans are going South of the border....Mexico is still close....where they can go back and visit their loved ones or they can be visited there as well....thanks for your comments,

Formal education is always an asset when venturing into real estate investing.

I kind of understand this method as far as having to pay yourself a reasonable salary and then be taxed only on that, but the question that I have is whether or not you have to follow all the formalities of a full blown S-Corp, or is it the same as an LLC with just a better tax advantage?

I have a BA of Arts degree, and only 9 months formal employee experience as a loan officer for Huntington Banks, (not an option again, $30,000 isnt worth 40 hrs).

The home I was very interested in about 2 months ago was just formally listed as REO a few days ago.

A trained monkey can lay the "field" (floor) tiles, patch the nail (or screw) holes within the border of the 4 X 8 piece of sheetrock or lay the "field" (roof) shingles.

You received this document prior to actually formally applying for a loan (or at-least that is the way it should go) by signing a Uniform Residential Loan Application (Form 1003), Good Faith Estimate (GFE) and other disclosures.

You could also look at less formal lending options.

If you can post the County I may be able to help you further or at least tell you the redemption period.Maryland tax lien auctions, each county has its own rules governing sales, interest rates and redemption period.Maryland does not conduct formalized tax deed sales, which is why you or the other party will have to handle the foreclosure.

You should shop some of the larger national real estate brokerage firms as they usually have the best formal training and support staff.