If you're financing the project in any way (traditional loan, hard money, etc) make sure you account for those holding coasts as well. 

An investor I know was liquidating a lot of his holdings since he's trying to retire soon, so I convinced him to sell me a property on land contract because I wasn't going to qualify for a traditional loan, and I only had a little bit of money saved up to work with. 

If the records show a bank of some sort (I see a lot of different Bank of "fill in the blank" owned properties and some are courtesy of an LLC) will they all go to some sort of auction or traditional sale?

Or see if you can get some private funding or hard money that can roll into a more traditional scenario after Its fixed up a bit and rented?

I've always been inspired to pursue passive income and after reading Rich Dad, Poor Dad I've had the real estate itch.

The Zip Codes are 21213, 21230, 21239, 21229.Rich Baer, Attorney

I have read lots of books, including Rich Dad and others and I also have bought and attended several real estate investor/ training seminars.

This is not a get rich quick job but the sooner we can achieve our goal and establish systems the sooner we can move our family overseas!

And is it true that you don't need the traditional 20% percent down these days?

If you are looking for get rich quick, you will be disappointed.