Buying and holding forever, and of course living off of the cash flowIf you do all three of these then you will be in a much better position.Could you explain 1 & 2 in a little more detail?

I think many folks will find that helpful.My experience has been that the details of escrow calculations is state dependent.

Once you do, I recommend writing a simple plan detailing how you're going to become successful in that area.

I have a detailed plan the everyone of my tenant buyers agree to follow before moving into the home.

p=85452You need to give us a lot more detail before anyone can give you any specific advice.

I know nothing about the details of your market, only that there is a lot of inventory in FL.Assuming your numbers are good, you should be able to find money.

I tried to do the same once to look at the details, but quickly gave up after spending 2 hours getting through step 1.

More details to follow.

Just that, I thought for me to be a successful investor I better obtain a license and understand the in-depth details (and secrets) of the RE World.

The way I understand the process, I'm going to find these pre-foreclosure homes and try to meet with the folks to inspect and get details, then calculate numbers from my perspective and perform due diligence on liens etc., and then try to get it under contract with "Me or Asignee" as the buyer and a small amount of earnest money.