Learning to run a business properly and profitably is the challenge.

We only buy properties which will yield an 11% cap however ,leaving a LOTS of product we won't buy.

I use the online service of the USPS to send them.They charge me a printing and production cost of $.43/card to print, address and mail the cards.

I would flush the toilets, turn on all of the faucets, make sure everything is working properly.

Don't start your investing career with such a property.If it is properly zoned, check with the building department to see if its actually permitted as a duplex.If its not both zoned and permitted as a duplex, plan to make it back into a single family.

Develop a solid marketing campaign and be consistent in your marketing.Also, don't be so jaded by the quick riches programs that you don't get the proper education.

Investors buy deals in which they profit, many of which are from noob investors who didn't buy properly.

All the money goes in there, and then the title company cuts everyone the proper checks at the closing.

I would like a little more thought on this…as to how does the whole thing work and how can we invest properly in pre-foreclosures to earn secure profits.

An REO is Bank Owned asset and is no longer a type of paper product,Non performing, scratch and dent and performing loans are sellable but are quite different from an REO type of saleLoans have a much greater due diligence effort as each hard copy of a loan is detailed with section 32, TILA, Note Riders etc...