Residential REO volume has gone down significantly because of the ROBO fiasco and doing workout loan mods in pre-foreclosure and short sales.There is a difference between a commercial OREO broker and a residential REO one.Residential many REO asset companies have just a few assets trickling in for the amount of agents that have applied.So these companies charge computer platform and system fees and mandatory training sessions and bilk the agents out of what little cash they have.The net 45 days is also not true in many cases.They are supposed to pay in 45 days but many times delay payment for 2 months or longer.This makes the banks or asset companies float interest free loans using and abusing the reo brokers/agents.Then too add insult to injury they take a 1 percent fee off the top with only a 2 percent payout afterwords.Sometimes the bank will start the listing price high even though the listing brokers opinion doesn't agree with them.Then they re-assign to another agent and take a mark down and you are still chasing the bank to pay you the costs incurred with the listing.What you don't have on the reo listing side is CONTROL.Some of the big REO companies HAVE TO sell hundreds of properties a year with volume or they actually LOSE MONEY.For this reason many of my friends have gone to the pre-foreclosure side which is what I work on the commercial side more.Since I work with the borrower the bank has to deal with me to close a transaction versus trying to get into a "good ole boy" network where a company might have a 50 year relationship with a bank already.You can't focus on what you can't control but just take advantage of the opportunities that present themselves and capitalize on them.

I'm attending a free session where they are advertising their 3 day course.

I also went to a free REIN info session, but got a tad spooked by the hefty price tag attached to it. 

I'm hoping to be able to go to the national convention, at least the general session, but since I'm a bit low on the totem pole I might have to stay and hold down the fort while our other property managers attend.  

How much does the session cost?

I know a lot of couples that do 5 in husbands name and 5 in wife's name.3) You can talk to a good mortgage broker that specializes in working with investors to try and get portfolio lending, different lenders that look at deals differently, and doing a strategy session to set up a LONG TERM plan!

or only when school is in session? 

@Shoshawna MertenI just went to an info session on Air bnb’s the other day.

I may be wrong but I feel that house prices will be less expensive in the Fall/ Winter months since most people are settled in school being in session and thinking about the holidays and not home shopping/ buying.

If not, stop by one of the (probate) courtrooms while they are not in session and ask the clerk inside the courtroom on which paperwork you can find info about whether the decedent owned property.