The way he explained is it just basically boils down to dealing with a govenment entity and all the bureaucracy that goes with it.Your situation is even more complicated because you have an auction company to deal with.

Any comments and or expert advice on investing in real estate, building my portfolio, rehabbing, the latest techniques about real estate investments, entering the commercial market, or anything?

There are techniques to alleviate these fears.

Debbie -Wholesaling REOs is more complicated than wholesaling retail properties, as the banks don't allow you to assign the contract.

Every time I think I have a good one I realize either the taxes are going to eat up all the profits (this is typically the problem) or there is some kind of legal complication associated with renting or having a 2-family in the particular area/incorporated village that the house is located in.

Other times it is more complicated.

The life of a motivated seller is complicated enough, so a simple name probably works best.

Vikram,interesting post, I was wondering what techniques you use to make deals and aquire your REO's do you just make bids once they hit the MLS, or do you work with an REO banker.

There are other techniques, such as certain types of trusts that can protect assets, but I believe you give up a bit of control in exchange.

Just wondering