If you've done your homework, and you are confident that you can turn them around and stabilize them once again, you, Brandon, are in a sweet spot with very little competition.For what it's worth, take a small break from flipping, and educate yourself on syndication, and start talking to the high net worth individuals in your circle of influence about what you want to do.

As you mentioned, for a year or so, that avenue provides a lot of education and networking.

I'd love to share ideas and knowledge.I'm educating myself everyday, full time basis.

This is an unbelievable place to get an education and meet like-minded folks.

Unless you are very educated and understand the risks, don't put short term money into stocks, bonds, ETFs, etc.I would either payoff a primary and open a HELOC, as suggested earlier, or hold the money in treasury bills or an FDIC insured bank account.

While we hope to someday go for students to get the higher income they bring, we want to start by seeing if we can get a family in the upstairs unit of one 2-family - especially given the nicely renovated condition and unusual combination of central location linked to top suburban school district as a possible attractor.Being new to this, I've spent the past few days reading a lot of info on this site to get educated on the rental process - very helpful.

I look for a CCIMSee http://www.ccim.com/about-ccim/what-ccimThey are better educated than a Jesuit Priest (joke)Seriously, that desigination is about PhD Commercial.

Anyway, the next day I went to pull up the listing to show the pictures of the home to my girls and I saw that it was listed to the public as a short sale, for our agreed upon price.

I don't operate in that market; so, I can't tell you for sure.Right now Memphis is undergoing public school reforms where many of the municipalities are building their own school systems.

It is now public record.Kentucky, where I am is at least a 6 month state - others are different, GA and TN are VERY fast, then there are bank back logs, sheriff backlogs, etc.So anytime between the time that I was alerted via public record - when the LP was filed - and the date of sale, I can take the deed, make up the back payments, negotiate a short sale, list the house for sale, rent it out and collect rents, etc, etc.