I realize I have much to learn to be successful in this endeavor (did I spell that right;0) but i look forward to meeting new people and absorbing their ideas/ knowledge.

Im excited about what this forum has to offer and hope to absorb knowledge in the REO and real estate inductry nationally.

That leaves you room to discount the property for a quick sale, absorb some depreciation, and pay the closing costs without having to bring money to the table.KC looks to me like a buyers market.

Network as much as possible and absorb everything you can!

Another is to guarantee them by agreeing, for a fee, to absorb a portion of the potential losses.

I'm sure you're busy absorbing info already!

I'm new to all of this so if I am missing something obvious, sorry.I have been lurking and reading some threads, trying to absorb as much information as I can.

Then you're going to quit your job where you would have been able to absorb those capital expenditures or they would have paid for themselves over time because the properties were cash flowing (and continue to cash flow) where if something happened in the newer properties in the cyclical markets and you had already quit your job, you would be stuck.Not much of a choice, but I say go midwest.Stephanie

I spend a lot of time every day in the forums absorbing the knowledge of RE Rockstars like Master Yoda @Jay Hinrichs.

If I was to move on OOS investing I would certainly plan on multiple visits to the area while building a reliable team on the ground.I'm currently absorbing all of the information I can get my hands on, so i'm sure i'll be posting lots of questions.