I have done everything I can to prepare myself to take the plunge into the world of real estate investing and the time is almost here.

Also what questions might they ask me so I am prepared to answer them?

i wouldn't go by tax values/tax assessments, etc....they're way off in most areas...if the hud appraised it at 30, that's prob what it's worth...btw, it's not hard to add a washer/dryer hook up during rehab....i'd take 1,000/month rent to be all in for 40,000. if you're going hard money, be prepared to refi though.

I'm prepared to see a lot of offers rejected, but I'm also prepared to make a lot of offers.

She is taking the necessary steps to prepare to become a homeowner, but it is going to take some time.

Better be prepared.

Those are some of the folks you want your well prepared package to end up in front of, accenting the cash flow and quality of the portfolio.

If it were me, I would hire an accountant/tax preparer who used to be an IRS auditor.

I certainly wish I had begun when I was 18 or 19 years old instead of much later in life.Watch, learn, question and prepare - in my opinion the focus when starting out on any new venture; when the first "deal" presents itself you want to be in a postion to recognize it and take action.Good luck and stay engaged with the helpful people here on BP.

There is probably some sort of contract in place since the auction company has already begun preparations, but maybe there is a clause that allows them a commission beforehand.