I need to make a phone call to find it.In Sacramento there was a bank offering indentical product and quite frankly i don't remember it being full doc.

and has done quite well for himself, Im hopping to get some good advice from someone thats not trying to make a buck or stear me wrong, hope to find a good RE Attorney in my area thru him.Im working on the same "list " of things to do and set up and this is my first post allso, I have spent the better part of 24hr. total of reading time on this site, and i cant tell you how much i have learned so far by just reading so may post , its endless and its great!

Since my area is quite valuable, there are many developing properties coming up out of old motels and warehouses.My point is that each area will have its strengths and weaknesses, so i guess you can work with where you are, or relocate to where it works for you.It is frusterating for me and my peers reading about so many places that have houses selling for under $50k though!

Seems to me there are quite a few people here from you area...Have a great day!

However, I think this is quite a unique situation and warrants a new thread.

Matt,The banks and trustees need to know that you have the means to do what you want to do.what I mean by that, is if you have proof of funds, and time is short,i call the bank and trustee and fax that, with my tentative offer or plan,and if needed i conference in the homeowner on those calls.the bank's last desire is to get the property back, and I've stopped the sale at minutes before the end of the day just before the sale...get a letter for proof of funds, and know you have a deal,and stay aggressive...these lenders are so overwhelmed with 'investors' that don't appearor sound believable, that sometimes their only change of demeanor will come by showing them the money...stay focused, and don't quit...

As you can see, the forums are quite busy.

The market I primarily work in (Fayetteville, NC) hasn't quite felt the slowdown because of the growth of the military base.

A cash flow of $40 per unit per month is quite low.

You should also consider the following parameters as analysing basics: the return on invested capital ratio (it should be quite good, otherwise you could have invested elsewhere!)