So far it looks like this is a great community and I look forward to tapping into the info here and pay it forward when and where I can!In

This legally lays out who's liable if anything goes wrong (even though bank can't come after you) he can. In

There is a possibility your tenant could get canine liability insurance -- they say State Farm and Farmers both offer it, and, if not, there are other insurers that do, and list you as additional insured.

They also seem fat enough that you that you should be able to cash flow even with a pricey 30% 2nd on it.

@Scott Sewell are you calling me fat?

That will make a difference in how fat it might be.

You will hear from some agents,myself included that we have stopped the foreclosure and we can. In

Low Comps in the area for this kind of home are $90,000 so with those figures I want to offer $43,500 (fat chance of acceptance I think).Do I go through the broker or whomever to submit a bid now?

Get those min bids, work quickly to whittle down the list to the ones that fit your criteria, research those homes best you can in the internet, drive by them and go bid.

I know this is broad and I'm trying to do everything I can in the next year to educate myself and make sure I am ready to invest, weather that means taking classes, getting some hands on experience or partnering with someone for my first deal using my funds and giving them a percentage of the proceeds.