I am interested in soaking up as much knowledge as I can and to eventually be a full time experienced real estate investor.

From what I've read and learned so far I feel it's a natural fit for me to move into (hopefully full time eventually) from the auto sales industry.

My investing interest is mainly wholesaling and eventually would like to branch out to more rehabs.

Anway, I'm mainly attracted to buy/hold positive cash flowing properties, where I would like to build up enough rental income to replace my current income and eventually leg out of my job and do RE full time.

Or under these conditions can/will the house be foreclosed eventually?

I spoke today with a compliance investigator in Colorado Attorney General's office, who informed me that if I purchase a loan in default and eventually have to move to foreclose, I will not be allowed to foreclose without my company first obtaining a collection agency's license.

@Bryan L. and @James Wise -- I've considered getting my license and will eventually, but is too expensive for me to do at the moment.

BUT, I think if every single landlord on this site and other sites like it used "one" (index finger raised) site for "bad tenants" and others joined when needed, a database could eventually build up over time. 

the only people spouting off that wholesaling takes no money are the same people hoping you'll spend a few thousand with them to learn how to do it.Sure, you could go ride a bike around neighbors and eventually you might find a junker house you can get under contract, but while you're out wasting your time doing that, wholesaler throwing a few thousand a month into their marketing budget are banking some serious fees every month.Either route you choose of your two options posted above both sound feasible.

@Doug Merriott I sent you the listing details via email.My primary realtor lives in North Tampa, almost Pasco....but he is a longtime friend and will eventually tire of the drive to St Pete.