Yes the sub-prime lenders (and of course their INVESTORS) are going to bite the dust, and big-time.

I've bought two "self help" items that are sitting nicely on my shelf collecting dust...

That doesn't mean it will always be that way.For an example of what could happen read one of my recent articles:http://www.biggerpockets.com/renewsblog/2008/09/29/a-bag-of-money-to-buy-a-loaf-of-bread/ :cool:

The area is fairly rural and has a mixed bag of different aged and sized homes.

The documents only need to be notarized and it doesn't matter from where.BIGGER issue is, the QC is usually the wrong document to transfer ownership - -you need a Warrant or Grant deed, otherwise the title will be clouded and that creates a bag of worms for later.

The long leases are a mixed bag, since you don't have to find people for a while, but you have to eat the below market rent for longer than the standard year (you could get some of that back with the right purchase price though).So, my two cents: the better of pair one, ignore all of two, take a good look at three.Good luck.

Some genius is sitting there and says you have to qualify to get a room and eat here, just set your bag over there!

I send out 3D mailers (mini trash cans, bank bags, etc.) and send them to expired listings in a 3 step campaign.Or, if you're great on the phone (I'm not good and cold-calling), you could just start making phone calls.

It really was a mixed bag of investors, and aspiring investors and I got a lot out of the discussion.  

Kicking the dust off this post as it's been some time.