Talk to folks in the area.

Folks couldn't come up with money to buy those dust bowl farms as families fled away, banks wouldn't touch them as they were deemed worthless but some bought them and scratched a living out of the dirt.

Lots of folks seem to do well out of the big cities in Michigan and Pennsylvania as well.  

I suggest that folks talk to three experts in their field, your accountant as to the business needs of an entity and which one is best for your operation.

People looking for deals.Also, usually the code enforcement folks will call.

I'm glad to see some more military folks getting their hands dirty with real estate!  

Once you come up with ideas, market for cash buyers in your local area to see if you can find folks that could implement one of your strategies.

It's great to have experienced folks join the site!

@Julian Buick  don't see this as much of any thing a underwater first followed by an underwater second.. that second has little to no value.. unless you were to judicial foreclose then get a judgment on the folks then that could be wiped out by chapter 7 ( I think ).at the end of the day seem like a lot of work with a lot of risk..

These folks loan the funds to acquire and rehab or build new primarily single-family houses in their own market areas.