I go into it deeper in another thread a long time ago: http://www.biggerpockets.com/forums/52/topics/25034-the-history-of-property-managementWhere I absolutely do agree with you on this is the rise of speculation.

I believe that it will be the investor that pulls our collapsing housing market out of the nose dive that it is in.

Hello everyone, I am back early from my deployment and ready to dive in.

I'm not against diving in and screw up.

After you learn real estate basics, you can adopt these "investor guidelines" that make life easier and if you need to dig deeper, you are equiped to do so and you might not pass up something that could make you money.

Even the best and brightest Entrepreneurial minds are not going to dive into a big venture with things like Cap and Trade looming.

Jon - I will dig a bit deeper on the closing costs.

BPOs are typically just drive bys, they aren't paid enough to get out of the car for more than a couple snap shots.We should all be grateful for honest BPOs and Appraisals without selfish greed playing into the numbers, lest we go deeper into a national financial collapse.

But also, it is because an experienced negotiator pays for himself by getting deeper discunts more consistently.

Will, i'd be interested in picking your brain on buying and flipping...i normally deal in bulk REO..but im looking to dive in head first in on my first buy and flip and buy and hold...what advise can you give me,-- high demand areas, cities, states... loop holes, pit falls..that sorta stuff...