I am aware of the headache that Property Investing can be, but this is truly my passion.

Its my understanding that banks will typically allow 75% of the rent as income.Be aware there are a lot of expenses associated with any property, and more for rentals than a property you occupy.

Are the banks aware of the condition of the properties up for short sale?

It's a complex calculation that most assessors, can't (or won't) even explain.You can determine your assessed value by going here: http://cms.indygov.org/MyAssessedValue/You can also appeal once per year, but be aware that some assessors punish those that appeal by raising rather than lowering the tax bill.

I told my realtor that I am fully aware of the husbands medical condition and I know they need to sell quick.

For anyone who has the idea of investing in mobile homes in Florida, be aware of the licensing law.

Just another idea that I wasn't aware of at first, but ended up doing on my first property.

I wasn't aware that money spent to get it rent ready is automatically considered an improvement and must ALL be depreciated (regardless of whether it would be considered a repair or not AFTER being rent ready.)

Let's say your using direct mail, bandit signs, whatever - if you can touch people once a month with your offer, in a memorable way... then in about 6 months you'd really have developed good awareness in your target audience.SOOOO... you could end up just getting the marketing working for you about the time you move back to VA!

If someones there, they ask if they're aware its going to be sold and if they have any questions or want to know how it works.