(can be an easier route than wholesaling) This way you can have some funds and also get a better feel for business.

This would also make it that much easier for me to then refinance the 1st mortgage is saving me even more money.

Don't think there is no competition in small towns.Larger cities will have more people involved in RE, the competition may be more sophisticated, bigger players, more inventory but more feeding off it too.Smaller towns usually have slower turn over, a property that's difficult to sell is easier to buy.

I have some opportunities in the area, primarily condos, either near Microsoft, or in downtown Tacoma, which is a market that appears to be on the fringe of taking off.The issue I have is that buying this place will eat up a lot of my seed money.

It's be interesting to see what the status was of those bids that appeared to be ignored.

I am doing my first flip and it appears that I should setup an "S" corporation or a LLC that is filed as an "S" corporation.

Sometimes, it's much easier to purchase properties because you may not have to jump as many hoops or pluck down quite as much as a bank would require you to.

The pricing/cash flow is good, the property has been well maintained and the association appears to be well funded and under control.

Find out how you might be able to offer a way to make life easier.

It gets easier as time goes on and you get more experience under your belt, but that first one is a bit crazy.