That's often how HUD inspectors test the water system.Seriously, though, if you're going to be trying to buy REOs, you need to find a better source of financing.

My biggest worry today is about America and the dollar and will our economy be able to compete against China or ect.

When it comes to LLCs, the most common source of information Lexis has access to is all of the Secretaries of State - just the public records you can access yourself.

Lump sum prices may be paid on an option, depending on the source of funds from that tenant, but it may change the income qualifications to receive Sec 8, so it is difficult to meet the requirements and be within a reasonable purchase transaction for a property that meets Sec 8 rental requirements.

Jerry - We do have a relationship with Click2Mail and would like to set something up with List Source and Melissa Data eventually.

Do you know how to find potential sources of money?

What can go wrong.The biggest risk in tax lien investing is bidding too much.

And at the end of the day, the biggest argument I have for RE vs stocks is like what I said before: a stock that's worth zero is useless to me and an asset, if market value was zero (which I can't imagine happening), if managed correctly will still be worth something to me and net cash flow.

I literally can't stop thinking about it.I'd definitely agree with what Brandon Turner said: Dealing with tenants is the biggest pain.

Seriously though, tenants can be your best source of information!