Thanks for this Andrew.Yeah, I've been seeing the headlines but have a feeling that's more the media looking for some drama to write on...I've been doing my own research, I've heard directly from several STR investors here on BP (who most have said they aren't seeing any of these massive drops that the media is reporting, only that they're seeing more last-minute bookings, where before they were booked out 30 days+...who knows if that's just the sign of less bookings coming??)

Massive achievementFrom personal experience, I also retired from from the corporate world thanks to my real estate portfolio.

I really appreciate it and big kudos on your massive action.

My returns are massively better than anything you will find in your area, and there is no reason at all for you to settle for crap returns and insane purchase prices just because you live in the wrong place. 

I work with a guy who had bought mineral rights to his property(not luck) then had a massive oil pipe bust that no one knew about.

I predict HAFA will be another massive failure just as HAMP has been.

You will occasionally find a traditional wholesale deal come along but there are a massive amount of REO's here in FL to capitalize on.

He was smart and just took massive action, didn't over think and just went for it trial and error.

Wow, you are taking massive action, very inspiring!

I came across the the following interesting articles (note - the author paints a bleak picture of economic environment).Interesting article about how banks are doing sub-primes loans again:http://www.zerohedge.com/news/2014-04-22/mortgage-standards-are-plunging-%E2%80%93-it%E2%80%99s-muppet-fleecing-time-all-over-againAn article showing the decline in existing home sales (except for the rich):http://www.zerohedge.com/news/2014-04-22/spot-massive-depression-and-tiny-recovery-existing-home-sales-chartWhat are peoples thoughts?