The likelihood of an owner getting out of a foreclosure once a sale is scheduled and adjournments are exhausted is very very slim, so you're usually ok on that front.

The operator has much more "control" if purchased correctly w/value add mentality to "create" value, so that a sideways market is not as relevant.  

Plus having one property in an area you no longer live is just going to occupy mental real estate as long as you hold it and the juice isn't going to be worth the squeeze!

But you're going to find yourself in a mental dilemma with every property you look at because it's not going to cashflow enough (compared to midwest properties that tend to not appreciate) and it won't appreciate at the rate you want it to to get your capital back (like what we typically see here on the west coast).

Thanks for the encouragement, I don't know normally like to announce my goals because I hold them close to me because I don't like to fail... which equates to me being scared.1st Weekend·Review a property for sale for my first contract·Attend a seminar on marketing, buying, and selling Short Sales·Review a property with a contractor/inspector·Send out at least 100 postcards2nd Weekend·Review Driving for Dollars properties and contact·Find more buyers and what they are looking for·Send out at least 100 postcards and 50 yellow letters·Follow up with lead on short sells contact3rd Weekend·Review Goals for the past couple weeks·Create short and long term goals for 2014·Create goal for the next four weeksShort Term Goal – To make my first deal, generate more leads, to build credibility, and find more cash buyers.Long Term Goal – To build enough capitol to put down 20% on first multi family owner occupied, to mentor other wholesalers, and coin the (IMHO) BP mentality (learn, perform, and motivate).I have heard a ton of podcasts from different people, BP is mentioned so many times...

Because it demonstrates that I have the intelligence and mental toughness to make it in the Big 4.  

BE GRATEFUL.Gratitude is the vehicle that will push us through the highs and lows of wealth, mental, physical, and spiritual growth.

.: @Wyatt Wolff"having enough funds for a down payment" is now controversial. sigh I think a lot of that has to do with the "get into real estate with no money down" mentality.

Open a window or turn on the exhaust fan to allow fresh air to circulate.Step 2: SafetyPut on rubber gloves and, if you're sensitive to mold, safety goggles or a mask.Step 3: Remove ItemsTake out any items or toiletries from the shower to access all the affected areas.Step 4: Dry BrushingStart by using a dry scrubbing brush to loosen and remove any loose mold or mildew on the shower walls and grout.

Some tenants were combating mental issues and one of them made really loud noises at night and called the police.