Rental house #1: Furnace breaks down, requires $300 to fixRental house #2: Hot water tank sprouts a major leak, needs replaced, $500New Rental House #3: Discovered a problem during rehab that is going to require an extra $1,500 to fix.All on the same day......geesh I need a beer :D

Collin,Thanks - I discovered a better company for purchasing leads is http://www.notelead.comLathea

If so, I'd warn against it unless you have institutional sized funds.

and not one was institutional loan.

welcome antonio..i got interested in REI at about your age after reading rich dad poor dad and read the whole thing in one night....anyways, i've since discovered that although that book sparked my interest, it really had little content to it...stick to this board and you'll learn a ton so feel free to jump in and ask questions..any idea what type of investing you want to do??

I am beginning a search to find large loans/ppm from financial institutions.

It was GMAC Mortgage that first discovered irregularities with foreclosure paperwork, and decided to suspend foreclosures temporarily.

I recently discovered the sheriff sale listings for burlington county and camden county.

Although it has escaped major headlines, it is mainly becuase the FDIC struck some backroom deals with large institutional investors to buy those "toxic" mortgages for pennies on the dollar.

I think they did eventually get through the process, but it took years.You might look into the Urban Land Institute, http://www.uli.org/.