Sounds like a plan to bounce around a bit and save on taxes :-) Given what you described one thing that dictates your direction is the property management.

I am very interested in networking and meeting other investors to bounce ideas around with. 

Wanted to bounce some ideas off of the pros here...I'm a soon to be high income earner (stable, high demand job) who is looking to start out in the westchester NY area (location forced by employment) - I was looking for housing for my young family, but realized that the high cost nature (both housing as well as property taxes) of westchester will make housing a financial sink hole.

Can people please run these numbers and let me know what you all got so I can bounce off of it.3 bed 1 bath 1 car garageForeclosure 65kput in 5k for 70k financedtax 830/year insurance 600/yearestimated rent 900/moproperty manager 10%  + 10% a month for repairs

I've had $1 million in properties get pulled from me, but I bounced back and now have 500k in properties.

I believe that we will bounce along the bottom until there is a real retail market.

I met a good 20 people who were in the area (+-2 hours from my town) who all are interested in the idea, and some of them bought some RD packages, some didn't, and they all seemed interested when I explained that I want to put together a club in our area for us like-minded folks to get together, bounce ideas, and share resources.

Also, having a team on the ground is super important, whether that's for doing actual purchasing/rehabbing/etc work or someone to bounce ideas and questions off of.

I want to find other beginning and seasoned investors who would like to maintain a regular online "meet-up" so we can bounce ideas and advice between each other. 

Do not hesitate, to post questions and bounce ideas around in applicable forums.