- Become familiar with different neighborhoods; start looking for a good prospecting location.- Find the best real estate attorney in area and have paperwork/ contracts reviewed for any issues.- Read "Think and Grow Rich" two more times.- Solve three puzzles (Jumble, Suduku, Crossword) per day.- Read two wholesaling/ Tax deed articles per day

I just wanted to get an idea from some other people as to how open the communication is within your neighborhood and hoa.I live in a community with 382 people and my hoa actually makes a conscious effort to limit the correspondance to the community.

Sell to an actual end-buyer and take my assignment fee at time of closing.Side Note: If anyone has any comments about this strategy, please let me know, as I'm open for any/all suggestions.Now, here's my question...As a new, aspiring investor here in the Sacramento area, especially within the suburb where I live, and the surrounding neighborhood, there's been an influx of homes that have been foreclosed on, which the banks have bought back and have sent to their respective RE companies for resell.Would these REO's be worth my time going after, in order to hopefully wholesale and if so, what kind of reaction should I expect on submitting low-ball offers?

There are offers similar to mine, but none that are cash like mine.This is my first offer and I have the jitters, but the numbers are real good and the neighborhood is a LOT nicer than the areas I'm targeting.

Details like purchase price, rental rates in the neighborhood, etc. would help a great deal.I disagree that most areas in Denver won't cash flow.

Trust me, there are worse looking properties in the neighborhood. 

How solid is the neighborhood?

At that point your in deeper with costs.Find an agent that does business in that neighborhood and is well respected.

Personally I don't think anything with a cap rate under 10 makes sense from a business point of view.Cap rates vary greatly by area, even down to the neighborhood level.

I found a FSBO property in my neighborhood.