Focus on learning the basics of MTRs, including their appeal to traveling professionals and the need for furnished properties.

You'll definitely need more time to get things processed.

I’m just thinking I need to start at a clean slate.

@Daron Williams before you try and sell your lot you need to know that you may have to wait 2 years before getting a title policy. 

These marketers would have the novice investor believe that the narrow focused “education” they provide combined with the “holy grail” formula (wholesaling, subject to, flipping, lease option, discounted note purchase, etc.) is most, if not all, anyone needs to become “independent” and successful, usually by month 12.

You can find more good deals in 2012, so you buy as much as you can.

Quote from @Torianne Baley: Hi George,Do you mind sharing the lender you found who accepts the 500 credit score and will loan $300k There are lenders out there but the risk is very high so your rate will be 13-15% plus the loan to value will most likely need to be less than 60% (or even 50%).

As a fellow New Yorker I understand the need to look outside of NY. 

I'm interested in the VB/VA and OK City markets (lots of family in OK now), but then again, I don't have much experience analyzing markets. 

Are you currently managing your own properties or do you have a property manager because many times a property manager can perform the work needed for it to be turnkey.