What kind of cash will I need to have in reserve to pull this off?

Lime is one of those natural minerals that will help decompose flesh.

My dilima is that this is a great chance to pick up some fairly nice cash producing homes and is it worth the risk to go higher on the monthly payment to get my foot in the door temp. until I can pull a refi and pay him completely off which mostly we would work a ballon payment at 3 years?

Or find a buyer's broker who you like working with and have them pull up all the REOs that match what you are looking for.John Corey

I have read a lot about short sales (although I still have a lot to learn) and I think I would be able to pull one off.

This is due to the current market situation and other homes in our area have dropped their asking price and some others have been pulled off the market until better times.

To get comps do I just go to a realtor in that area and ask them to pull it for me?

Learn how to invest without pulling out equity.

Is it from other flow-thru entities that are passive in nature?

I have yet to purchase a place.And at the moment, I'm an engineer (... or slave) to an aerospace company and would like to supplement my income with investment property.Perhaps one day, with due diligence, 100% of my efforts will benefit me (by allowing me to leave engineering), instead of pulling the line for the slackers and monkeys at my company.