I'm guessing the access to MLS and finding another broker to bounce deals off of would be advantageous, but what other benefits are there that I'm not aware of?

That's one of the benefits of buying property to hold (rent).

Is there any benefit to approaching them as opposed to just keeping an eye on them to see when they actually do start going through the foreclosure process?

I thought that was available only to licensed agents.It does not have to be directly, but can be with some paid service providers, but indirectly would include working with an agent or anyone with access to provide you the info.

. - Three things sir.1) This and any other business where you have to survive on your own (create your own paycheck, create your own benefits package and create your own retirement plan) is not for the weary.

Though it doesn't deal directly with RE it does indirectly deal with Real Estate...I am looking at a 4 fam. mixed use brick building consisting of 3 residential apts and a store front on ground level (currently a cafe)If I bought this building I was considering having the cafe move out (their lease is up) and maybe putting in a laundrymat.

Is there a benefit to anyone involved to wholesale an REO?

They specialize in investment property.Another added benefit in using them is that you can get replacement cost insurance but you can get it at a number that makes sense to you.

Later, I was also in non-profits, with gut rehab to new construction, developments but not fair to compare with an individual flip, drew a salary, fees and benefits.

Nevertheless, here is an article that I think would be a great help to those who are eager to familiarize FHA and how it could benefit the people: [AD LINK REMOVED]