Usually, REO offers get pretty quick responses.Along with the BP forums and podcasts, I would also recommend joining he local REIA such at DIG (www.digonline.com).Steve Babiak co-chairs the Montgomery and Chester county sub-group which meets in Collegeville every month.

The cash buyers I work with usually close in 2 weeks on even much sooner (if you have a good relationship with a title company they will work on it quicker). 

Buyers agents run around showing homes usually listed on a MLS. 

It is important to mention whenever this comes up that the oil boom/bust has not had a negative impact on the Eastern half of the state.  

I'm going to post something that I am certain will generate a huge amount of both positive and negative feedback.  

Interest rate is usually 4-5% but sometimes higher.

If the debt service alone is $2,600 without taking into account the rest of the expenses I listed above, this property is going to be negative cash flow for you.

Your best bet is usually to use whichever ACH platform your software supports.  

Usually properties that bring in a lower rent also have less overhead when it comes to upkeep i.e. no HOA's, the property is smaller in general so repair costs are less, and so on. you really need to look at the overall investment and factor everything in because in my opinion rental price is just one aspect.

Hi @Robin CoxIt depends but usually if a city buys up houses, they want a development in the area.