Every workout/REO department has its own set of analysts/workout officers that create a write-up (which gets marked up and goes through 2-3 iterations) which then goes to a committee (depending on how big the bank is it may just go to the senior lending officer or chief workout officer), but before that they have to get appraisals, etc. and find out how much of a loss will need to be charged off and added to their ALLL (allowance for loans & lease losses).

As tom mentioned getting your Real Estate license is essential for being the most agile and capable investor.

Pros: 30-day money back guarantee for first month, real estate centric Cons: Expensive and additional costs for more projectsCost: Starting at $99/month for one project but additional fees for more project JIRA – offers flexible issue and project tracking with best-in-class agile tooling for software teams “JIRA has a huge marketplace which allows you to really scope what type of project management system you want to build” Jared Beauchamp Pros: Proven in software development Cons:Not designed for real estateCost: Starting $10 for 1-10 users, $75 for 11-15 users, $150 for 16-25 users, $300 for 26-50 users Primavera – Used by commercial builders for project management.

I would re-iterate the wisdom of the group in saying that in your situation I would look for another job and work on putting money aside while setting up a longer term plan.

There are lots of iterations to this...just depends on your personal scenario

Re-iterate this is a fair process and that now they will only pay for what they actually use.   

We found the property Through the MLSthe Listing price was $44,000after few iteration we managed to lower the price to $32,000 How did you finance this deal?

I want to re-iterate that there is absolutely nothing that anyone will be sold on or pressured into.

But if you’re aiming for May 1st then you have a little more time to test the market and can do it more gradually.It’s an iterative process and there’s no right answer here, it’s a mixture of what the competition is doing, front line response to your marketing (calls) and back end feedback you get from calls/appointments.

Some other advantages I've observed from starting out young:Having a higher tolerance for riskNot being completely set in your ways of thinking, i.e. being willing to take unconventional approaches to common challengesBeing in a position to not only learn from others who are ahead of you in age/experience, but to have ample time to implement what you've learned from those people and to iterate upon itBeing able to build a solid career in tandem with your investments and using that career to bolster your network, find new investing opportunities and to build partnerships with othersI think it's exciting to get in the game early!