I know where my mistakes are and don't need a lecture on that just looking for suggestions on what you would do and I will definately do a lot better next time.

Hi Phil,That is a very open ended question.You have to find out if you want to manage the property yourselves, have a property manager, have a long term hold, have a value add building for a flip or short term hold 1 year to 1031 up.Then you need to define your goal being if you just want equity build up and an income stream when you retire or are you wanting to do real estate full time and quit the jobs you have now??

I take it that the area classifications can possibly be derived from the majority of property classifications but also may have an investor-subjective component to them?

Hi Gwen and welcome to Bigger Pockets and thanks for posting.There only stupid question is the one not asked or that is searched for an answer too.You posted in the commercial investing forum so I am assuming you are after commercial real estate and not residential.You need to define how much cash you have to start and your goals and what investment type of commercial property will be a good fit for you.I will be more than happy to answer questions on here for you.

Here is a link:http://www.occ.gov/publications/publications-by-type/comptrollers-handbook/ptfa.pdfOriginally posted by revised Protecting Tenants at Foreclosure Act:...The date of a “notice of foreclosure” is defined as the date on which complete titleto a property is transferred to a successor entity or a person as a result of a courtorder or pursuant to provisions in a mortgage, deed of trust, or security deed. ...It's at least 90 days notice to vacate.Unfortunately, as I mentioned in some other thread, it does nothing to protect the buyer at foreclosure - it is strictly meant to be tenant friendly.

Hi Justin,Define the Help you need.

(Either by shopping at lowes/home depot or scouring craigslist for an even better deal on a new or nearly new item. 2) Contractor can't pad the price of a component over the amount he paid for it from his source 3) You get a better understanding of the level of materials there are in the marketplace so you know how to control your budget better ***caveat: its always easier of course to just have your contractor buy and install everything, but you pay a premium for that privilege.

I would use a standard due diligence clause that allows you to back out for any reason for some pre-defined period of time.Something along the lines of:"Buyer has the option to terminate this agreement for any reason for a ____ day period from the binding agreement agreement ("due diligence period").

Define what you want, pick the niche that serves you best, master that niche thru the plethora of info here.

IMO, definately 3 bedrooms.