I won't go on with the novel, but he are some other red flags: 1) When I showed up to the acquisition manager's house, his wife was running late as she was coming from two eviction hearings at court that morning. 2) At one point on the tour, a young man dressed in stereotypical ghetto ware approached both the PM and Myself in front of a house (I wasn't sure if he was going to try and sell us drugs or what) and said that we didn't look like we belonged in the neighborhood and "are you guys investors?".

I am a realtor and investor and belong to CFRI, where you can find all the contacts and info you need all in one place.Contact me if you are interested.

@Bill WilliamsNew Mexico is one of about 9 states that has a Community Property right between married couples, which includes ( as I understand it), as stated previously, the home acquired prior to marriage belongs to the individual, not both of you; hence she would have the freedom to sell or mortgage that home anytime, without your consent involved.Any income earned from such a separate property belongs to the individual, but if you choose to share bank accounts and 'commingle' funds, and the house is sold, those proceeds placed into a joint account become community i.e. both of your funds.Community property is acquired by either spouse during marriage, and selling or  encumbrance requires both of your signatures.  

Every Month someone is evicted here and all of there belongings are all over the property, dumpsters, halls, parking lot etc.

Even if the tenant leaves personal belongings behind, the landlord has the right to throw them away.

For the most part most of them do not belong to either the national nor their state associations and do not attend major industry events where this kind of information is routinely shared.

You kept your receipts you know which ones belong to those properties.You enter the credit card (amex) statement as a Payable Invoice.

Not sure what forum this best belongs in so I just picked one.

So, ideally we would sell the house to a retail buyer with some kind of agreement that only certain amount of land will belong to the house and we will be working to subdivide the land.Has anybody done something like this?

If there has not been a sale then the property does not yet belong to the mortgage company as an REO nor has it been sold to a 3rd party at auction.