I've recently got into the investing side of real estate and I've dove in head first.

Unless you are paying cash, there is not a hope of keeping your head above water.

So I am thinking it is the poverty level market that would be a nice target to invest in, more less a neighborhood, or investment type, people need a roof over their heads regardless.

@Dawn Anastasi I have tried Craigslist for trying to rent it out - but not to sell.In general many times I feel a little uneasy with Craigslist because of scammers, and potential crazy people (and I have run across both) that lurk around there.For now, I have decided to sit tight until after the holidays to get my head on straight and develop a solid plan for dealing with this property.

For some reason in my head I thought it was everyone in a room together all signing documents in one joyous party.

Maybe I'm just hard headed but I still see value here.Wayne have you ever profited from the purchase and resale of a short sale?

It looks like I'll be heading over to amazon.

I suggest you see your attorney and get that straightened out.I've been point stuff out here for a few years now and sometimes what comes back from investors is that they had their deal approved or blessed by their attorney, so I'll head that off if that's the case, if some attorney approved that, find another attorney.I'd say you're a creative guy, a real salesman, talented in the art of negotiation perhaps, but you should not be writing notes, it's not the wild west and things surface in time, so be careful out there. :)

When you buy a deal that looks weak with an optimistic analysis you're setting yourself up for failure when reality rears its ugly head.

Well unlike the upper class where that is the name of the game I viewed it as nepotism at the time and didn't call.Well one day I was getting on the elevator at work and there was Henry Kaiser on the elevator with the president of our division and the head metallurgist, Henry said Brian is that you, what are you doing here?.