@James Phillips I would personally take a minute and examine things closer before jumping in :-First off, I do not get a title policy in most circumstances when I purchase a HUD. 

I guess a similar analogy is that a financial advisor only needs a series 65 (equivalent to passing a real estate agent state exam in my opinion) to become a fee based financial advisor, but one way they differentiate themselves and show their commitment to their profession is by getting their CFP and CFA  credential.

Once the due diligence is completed, the buyer should re-examine the financial model used in deciding on the purchase price.

I seemed to have a struck a nerve here and incited a couple of diatribes.

Attempts at resolving issues with these companies can be complicated, nerve-wracking, and even fruitless.

I agree that construction experience is super valuable in REI And that it puts you in a great position to make yourself invaluable to an investor or even a handful of them.My recommendation for making yourself invaluable, is to try to imagine the best assistant in the world, examine what exactly makes such a person so valuable, and then go be that person for someone who can teach you the ropes.Just as an example: The ideal carpenter's helper would always be to the job site 15 minutes early.

Things are VERY EXPENSIVE in my market, and I'm sure most of you will suggest I take that money and invest out of state (would love to but but still don't have the nerve)..I am buiilder/developer in Long Island so all my work is in the area which makes thing easier and efficient for me to manage.Anyway this is my "dilemma", do i pay off 1 loan on a SFR i have in the amount of $150k therefore having one less mortgage in my name and increasing my net rent for that property by $950 per month?

@Jamael ReedCongrats on taking action and it IS nerve-wracking doing so I applaud you for taking the first steps.  

Amber:I would still look at older buildings, just add an examination of the plumbing for viability of sub-metering to your check list and factor your findings into any offer that may arise.

lol  Neither of us knew what to do and it took at least three rings before I finally had the nerve to actually answer).Get your lead sheet together, figure out what you're going to say, and practice with your significant other or friend.