There are a bunch of smart guys in the REO forum who I'm sure can help you out with all of your questions.

Smart to pick a market outside of NYC to get better return on your cash.

deals like this go, I just don't do them, I'm not smart enough and also because I'm part of the T.V. generation; my attention span runs the length of a t.v. commercial, lol.

Would love to hear more on what the Las Vegas experts have to say in general about their market.The is still good deals to be had in Vegas but I think the smart investors in Vegas are adjusting their investment strategy to provide a cushion should the market soften further.

Now I help other make smart decisions when buying real estate.I'm in the process of getting back in to the investing side of the business and found bigger pocket.

Ali Boone made this even more clear to me (read her article) in my second post where I asked if it's a bad idea to buy a single family home as first time buyer, instead of renting if I need to save for my dream home.Brandon Turner explains why buying a duplex instead of a single family home is a smart choice as a beginner's first investment property in his article.

As a young Real Estate broker (26 years old), I like to think there is a new wave of property managers taking over with a better level of technological expertise and business strategies that will help change the face of the business.Although I am not a Real Estate investor myself (yet), I am always interested if the right deal comes my way.Looking forward to being a member!

Not a priority for the generation that grew up on instant messaging and smart phones.

Smart families do that; when they see an opportunity like the one you presented them, they move on it.

You would abandon any residual value of any improvement made, not a smart way to go usually, but it depends on what improvement you built.