For $2500 you get 6 months...you can complete as many courses as you want/can in that period. 

If she can't afford fully amortized payments today, the good news is she has 20 years to sort it out and put herself in a position where she can. In

@Lane Kawaoka discussed that perfectly with his answer to your first question and I agree entirely.2) After the first couple OOS deals (use those to buy places that need some work, but not extensive work) use the HELOC to buy at a discount and refinance as much out as you can. In

You can do it buy your self, but with an attorney most of these are on contingent basis.They only get paid if they get your taxes lower, which means you can use them to the fullest and there is not pre payment of any sort.Also they will challenge last two year which will get you a fat refund check if they win you the case.

I found a mentor in Dallas that I trusted and it enabled me to get the confidence up to purchase single family homes strictly for rental income in Dallas while I lived in Albany, NY.Now I have 10 deeds, 18 units as well as partial owner ship in 80 apartment units (doors) and live off the cashflow.I would suggest networking as much as you can in environments were investors have the abundance mentality and freely share information.  

Plus the 4 months to foreclose in CA means the soonest you could recover your collateral, the collateral with a big fat (most likely foreclosing) senior lien, is 8 months.  

We are now writing a fat check to the IRS for our capital gains. 

Just make sure that whatever you decide you leave yourself as many exit strategies and margins as you can in case the worst happens.

I have a few assumptions. 1-This can, in large part, be efficiently outsourced to services that assist with finding people's current info. 2-Some people are found with little effort while others are never located so you have to evaluate your return on finances and time invested. 3-It can be very profitable to locate these folks.

A BIG FAT COMMISSION CHECK.