You should definitely start looking to create a network of vendors who know you and who can handle all the different jobs (plumber, HVAC guy, electrician, refinisher, handyman for specific jobs or demo, painter, roofer, glass vendor, etc.) because these folks can make or break your business.

Everyone should be aware of where this is heading and the likely outcomes, because it has implications for anyone investing in these foreclosures.These arguments are not new, and the Feds are recycling arguments made regarding tax foreclosures and federal priority during the S&L crisis in the 80s.

If I just base my assumption on the normal RE cycle, then yes an adjustment will be coming in the next 24 months.