Excellent plan.

If they have a steady job and pass the general tenant screening criteria items, and not having a SS make them somewhat fearful of authorities (cops and courts) -- generally excellent low hassle tenants that pay cash and on time from my experience.

That is, if I am the winning bidder, I still need to buy the tax deed at the current rate?

Similar in fashion to mutual funds versus hedge funds.Also, REITs tend to be more liquid, whereas PERE typically require you to park your money with them for a period of time, often 10 years.Here's a few links which may be helpful:http://en.wikipedia.org/wiki/Private_equity_real_estatehttp://www.wallstreetoasis.com/forums/real-estate-pe-vs-reithttp://www.cpexecutive.com/newsletters/capitalmarkets-newsletter/reitscolumn/reits-versus-real-estate-private-equity-funds-who-wins/Damon

Make it a win-win transaction!

I could use OpenOffice Calc (similar to Excel), but I am not a spreadsheets guru.

I'm poor at excel and am hoping some of you will share some great excel formula's you've built to value potential holds and flips.

On the other hand, if two properties get an offer say one at $50 and the other at $60 and the Seller wanted $55 for each, then everyone wins because the Seller can allocate the $110 into each asset at $55.

Good luck with your goals , it sounds like you have made an excellent start with your current real estate activity.

I wouldnt recommend the DIY kits as I'd want the warranty offered by the specialty guys.Ive run into numerous scenerios where the tile surround was done fairly recently and in excellent shape, and the fixture had been replaced at that time as well, so there was no ready excuse to rip out tub and replace.