I just started a blog which is helping me to gather my thoughts and plan my next steps.

My plan right now is to hold them and pass them on to my children with a stepped up basis on my death.

These deals are not a mechanical process as sold by the gurus, there is no step one to step two transaction.

Another thing is that my step father owns a reo company, where we fix up bank owned homes.

The blog and podcast have been great resources for grasping the basics, and I'm planning on connecting with some of the local meetings coming up - they seem like a good next step.

I think without her class I would be just an investor-class junkie and never taking my first steps to make some real deals.  

Like an REO listing agent, why send a good listing to a new investor (new to me) when I know I can pick up the phone, call a handful of proven and trusted veterans and have the deal closed solid in 2 weeks?

The first 3 homes are in his name & after the fourth it will be my turn to step-up & put in my name.

My main point is to advise caution as ground up construction is a serious step, and is rarely the first right step.

Thank you Mike, I should be taking my first real step soon, I will let you know how it goes.