There was very little strategy (or pattern) except that they were all purchased from property owners in default, with some equity.

In Colorado, and every other State I am familiar with, the only utility that can lien a property is the water/sewer companies/districts, and their liens have super priority status, so they aren't real motivated to sell, and I have never seen a water/sewer lien foreclosed on (except via the tax lien sale process described below).

Most failure in businesses is due to being underfunded and I don't think real estate is any exception.

Doing about a minute of research turned up this: http://www.cai-georgia.org/pdfs/Georgia_Condominium_Act.pdf (page 5) (a) Except to the extent otherwise provided by the condominium instruments: 2) To the extent that walls, floors, or ceilings are designated as the boundaries of the units or of any specified units, all doors and windows therein and all lath, wallboard, plasterboard, plaster, paneling, molding, tiles, wallpaper, paint, finished flooring, and any other materials constituting any part of the finished surfaces thereof shall be deemed a part of such units; but all other portions of such walls, floors, or ceilings shall be deemed a part of the common elements; That seems to say the windows would be YOUR responsibility.

Mark,You are right except the big banks do sell large orders of REO's to high end buyers before they hit the MLS.Joe Gore

Ours are inexpensive, except for Florida.

If you haven't already, you should really start investing some of your profits for retirement.I'm sure many here will take extreme exception with my comments but I can assure you well over 90% of the people here are not investors, they are small business owners and work in their small business each and every day.Oh, and as for a day job, I still have mine even though my investments have done very well over the last 30+ years.

I have not raised rent for exceptional tenants in order to keep them, but really market rate is market rate.

Thanks Wade, I am new to Nebraska but so far I love the Omaha area except for the cold that is.

The only exceptions to this are:Starting with a huge wad of cash.Going incredibly slowly, and leaving a lot of money on the table.Partnerships (which I personally find far more intimidating than straight-out debt).Your head in the right place and you have your whole career ahead of you.