I can't speak from experience in RE, but this very much describes me.I think the boredom sets in after reaching a level of mastery, and experts say 10,000 hours before you really master something.

I'm not a legal expert (or expert on attorneys), but I do know that most state Bar Associations frown on members not paying their debts, so if the co-signer is an attorney, this is probably a better situation than if he weren't.Just my first thought, though like I said, I don't know how much this would legally help you.

For more information visit: http://www.irs.gov/Individuals/The-Mortgage-Forgiveness-Debt-Relief-Act-and-Debt-Cancellation-Kindest Reagards, Debbie AveyBroker / Owner Staged Homes Real EstateCertified Short Sale Expert

Become an expert.

If you're an expert in buying foreclosures, share your experiences about that.

For a first venture I would pass on the property unless it is a super price and you have some expert contractors who specialize in older houses. 

I will be talking with my agent as well, but I wanted to ask the experts on here as well. 

Become an expert in that area then if your seller questions why you haven't sold it yet you have facts to back up a price drop or whatever is needed.

I'm by no means an expert, but my research so far has indicated that the majority of laws and practices in the Canadian RE markets are very similar to those in the US.

A few questions maybe some experts can help me with -1.