Nothing more, nothing less.As far as fear is concerned..... nothing ventured, nothing gained.

So far lots of the tax havens actually have taxes on personal income and capital gains.

We want to learn more and gain more confidence before we actually put ourselves into the deal.

Any comments or suggestions in the area of gaining investors?

I'm thinking of staying the 2 years to avoid the capital gains tax and also, because its my first, to give me time to make mistakes.

You at least should hold the property 1 year and a day so that you only owe 15% cap gains when you sell.Our land contract tenant didn' t pay the insurance two years in a row and the lender instituted forced insurance letters both times.

Granted, as I said, these are very valuable forms in the right hands.

If you're holding them for rentals, then selling after a year or more (not a hard and fast number, longer is better), and buying another property, you can use the 1031 to defer the taxes on the gains that you roll into the new property.

You could certainly call the REO agent directly, but I wouldn't do that if you have a buyer's agent that is valuable to you.

And they will give you some valuable information that will help you determine your offer price.