Personally I would keep the cash flow but deals like that dont happen in my neck of the woods..

Strategies do overlap from location to location so as you get more versed in real estate investing techniques, you'll be able to find deals in your neck of the woods more easily I would imagine.

I actually live in the Porter's Neck area and love it! 

I think you need to move on and find a seller with a bleeding neck instead of a sore thumb.

The judgement amount will be posted (it could be more than the short sale) you'll need ~10% at bidding certified check & close w cash in 30 days... at least in my neck of the woods.

This place can give you a bunch to learn and get you connections in your neck of the woods.  

Get in contact with Michael Faulk, from your neck of the woods, and he can fill you in on a BP meet up that occurs the third Thursday of each month.

I have no idea how it's done in your neck of the woods, but you should ask around and check into this.

In my neck of the woods, we are somewhere in between.  

My plan is to leverage all my properties to the neck for the first 5 years.