The market has drastically changed over the years and even the tone and tenor of the podcast has changed a bit as the market changes. 

You are going to need to find a partner for the deal, or at least someone who has the income/credit to co-sign on the mortgage.Although that is the easiest solution, you may be able to work out some creative financing for the deal.

For out of state investing, all I can say is "Dr. we are going to need more pressure to stop the bleeding!"

Chances are at some point you're going to need an agent, or you'll encounter someone who needs one.Find an agent who is willing to be your "go to" agent -- someone you'll use when you need an agent, and someone to whom you can make referrals -- and that agent will certainly give you comps whenever you need them.

1) you’re going to need a CPA who should save you more than you pay them, but here’s my opinions.Would your cost basis just be the basis you had before the foreclosure that you were slowing lowering with each payment received?

As a new investor, I think it's much more risky for you to buy a property which is going to need a major remodel like adding an entire unit to the existing footprint rather than just buying a property that already has multiple units there.  

Well we are going to need some detailed information in order to give you any advice.

You can always buy a coop apartment in the city if you want to need. 

Def going to need all the friends I can get.

Reid Matthews - Just FYI - I'm really disgusted at the snarky (if not outright rude) tone in some of the replies you received.