Having a full time job while doing it is also very beneficial from a financial standpoint.

the electric and cable are in the name of the tenant.with my primary residence i have liberty mutual insure my cars and my homeowners.

Thank you all again for the great advice.I would see how a private lender would be more beneficial.

Thought about funding a fairly conservative mutual fund to stick the money in until I'm in a good position to sign some house papers.

Has anyone had success in the last few years purchasing non performing Mortgages/Deed of trusts from Beneficial Finance/ Housekey Finance Corp / HSBC ???

. #14, LOL :) there is just too much expression injected with some tangent thoughts, where the shear volume causes too much trouble to address to yield a beneficial end, worth commenting on each point mentioned.

I want to sell these properties off and reinvest the proceeds into some combination of stock/bond/mutual funds etc.I own the properties out right (no mortgages) I would like to sell these without paying massive capital gains taxes.

And the more income that you have and therefore in the highest brackets the more beneficial donating becomes.

I found Biggerpockets an excellent resource to learn and meet fellow investors to network and help mutually

Hi Jane,The facts are it takes money to wholesale just like any other endeavor.All local markets have varying nuances to them so that is why it is beneficial to seek out a local investor who is doing deals there.A national program some items may work and others will not in a certain market.