But then (LUCKILY), after visiting and reading on this forum and other books, I got a good healthy dose of reality... add to this the fact that I live in a state that's extremely tenant-friendly/landlord-hostile...

If you feel prices are close to botteming out and are not extremely picky, I would consider making low ball offers on distressed properties.

BOA sent an appraiser through First American to my rehab. It had sold for $212,000 the previous summer. I paid $160,000 for the home because no one wanted it. Applied for refi of $115,000 Appraiser met me at the h...

It is just extremely important that new investors using these methods really understand all the possibilities and are prepared for contingencies.

That was extremely helpful and now I'll dive right in!

To that end, I started online affiliate marketing last November and had some extremely good luck.

@Mark UpdegraffAt one such sale 1 bidder was bidding on everything and bidding high, he spend $1.7 million that day, payment due in full 10 minutes after the auction is done.At another auction saw a bidder (novice) come to the sale with an extremely large zip lock bag filled with $100.

I talked with my 1031 guy and he informed me it wouldn't matter as the reversal is only used in extreme cases and for a point for redoing a sale with the same parties to include the 1031 it wouldn't stand up to an audit.

That is extremely rare, almost unheard of, that a federal financial law is passed and describes a guru type strategy.

So, I have seen every aspect of the business and feel extremely thankful to have a family who has let me "learn the ropes" from bottom to top.What I most enjoy about property management is being able to change a property owners attitude about the business.