This may be an area specific question but how flexible is Fannie Mae HomePath on pricing?

You are nearby so let me know if you want to hook up for a coffee sometime.Ron

Although I plan on subbing out the PM to a local guy up in Cleveland, the company I work for has direct flights daily, so getting to and from wouldn't be an issue.So the question I have is this; would it be better to use the money in the account to purchase a SFR outright and collect the cashflow, building up enough capital to purchase another then another house, or would it be a better idea to leverage out that money and pick up a couple of units (or maybe even a quad or two?)

I was just wondering if there was anyone living near Nassau County who has been in real estate for some time and wouldn't mind me taking him/her out for some coffee so I can pick his/her brain for a bit.

Just brown bagging your lunch and brewing your own coffee will probably do it.   

I think short sale may take too long to be an option but maybe foreclosure or something along those lines.

YOu still get homes back, you some times have to abandonment process to get the titles back...It's best to visit local parks, meet the managers and ideally the owners and bring a box of donuts and gallon of coffee to learn what is reality in your area.  

I excited to be an active member here.

Time will tell and it will be an interesting few years going forward.

I am new to real estate investing and I've been told by almost every real estate investor that I don't NEED a real estate license to be an investor.