I have not spoken to any banks or private money yet but I know these are important metrics that need to be figured out before I approach them.

And some sellers will put in deed restrictions that limit your ability to re-sell the house for some period of time.Better to get out there and beat the bush for private sellers.

I look forward to the feedback.NOTE: I realize that private money is typically just that -- private -- but it seems like there is something amiss here....

Remember, you are operating a business, so remember to always treat it as a business, not an extension of you personal finances or life.

I assume you are looking to buy property to rent (versus private lending or flipping).

Joshua Dorkin Its been a slow process and since the rebuild is so extensive, I don't expect it to be done until early December.

We have to stay on the contract or else HUD just puts the place back on the market and we lose our deposit and extension money.

Ok so I have been reading extensively for the past month or so on this site on how ot get started but I stilol have some question.

I'm looking at MLS listings, because I'm not finding private motivated sellers in my neck of the woods.

It may just give you some investment ideas.http://www.bloomberg.com/news/2012-01-31/foreclosures-draw-private-equity-as-u-s-selling-200-000-homes-mortgages.Single-family real estate investment trusts (REITs) are springing up in response to the rise in availability of distressed properties.