Take the cash and get your credit sorted.

Sort of like the old joke, "How do you eat an elephant?"

Most are glad to pick up an apprentice if they truly are doing a lot.You can learn more faster by doing, than by spending more out of pocket for more classes IMO.Additionally, many larger communities have investment clubs/organizations that you can go meet with other investors.

What I'm now looking for is a some of the common pitfalls associated with this sort of deal.

I keep finding programs that seem to be set up for larger apartment buildings and employee-based property management companies.

They are sort of fancy hotel condos with a few luxury resort amenities that vacationers and retirees want.

The larger acreage has an older abandoned restaurant and a 5 room + manager's quarters motel with 2 squatters.

I think on preforeclosures I am confused on that - equity or no equity I start with the owner right (the letters, knocking on their door, etc) and in either case I HAVE to get their approval to either make some sort of deal with them - OR - get authorization to work with their lender - is this a true statement?

My clients generally know me and what I will do for them and we develop some sort of bond.

Also, what about questions that have to do with repair costs and that sort of thing.