Please pardon my ignorance but this is why I am making my first post, help me understand.We’ve all seen the market phases chart explaining:Phase 1 - RecoveryPhase 2 - ExpansionPhase 3 - HypersupplyPhase 4 - RecessionI understand why this is valuable to certain types of real estate investors but I’m failing to find much more understanding short of obtaining the best price when you buy a piece of real estate for the “Have and Hold” Real Estate investor.So... as a have and hold real estate investor, why do I care about market phases beyond obtaining the best price?

Have you read this guide? 

Check out the guides under the education tab above.

A savings is so valuable to have, and can be used for so many great REI opportunites.

Can anyone guide me through the way a foreclosure auction works?

It may sound a little like overkill, but for me overkill probably isn't possible given where I want my level of involvement to be in performing active field duties and tenant interfacing, which is ZERO.That is all very valuable to me as it allows me to focus on my professional work and securities investment which is what I prefer to do.

My family is alos helping guiding me through the process.

Here are some recommendations for you: Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/users Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

Here are some recommendations for you:Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/users Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingWishing you the best! 

https://www.biggerpockets.com/files/user/ChrisM93/file/scotsman-guide---lenders-for-foreign-nationalsWalk into your local mortgage branch and grab a copy of the "Scotsman Guide" out of the trash can, or off of the waiting area table, if you'd like something more current.