Hi Jesse,I am very new to the forum, but I am currently active in investing in SFRs in the greater Las Vegas area.

Just need some pointers so I handle this situation correctly

I got a call from a lady wanting to sell her house.
She thought it was free and clear except for delinquent taxs. $2000
She will sign the deed over to me f...

Freddie Mac, page 79 of their latest 10-Q says "Our REO property inventory declined 17% from December 31, 2010 to September 30, 2011, primarily due to a decline in the volume of single-family foreclosures caused by delays in the foreclosure process, including delays related to concerns about the foreclosure process, combined with continued strong levels of REO disposition activity during the period."

Spectacular final resting spot for active over 55 community.

I think youre speaking of strategic plan- You have hit on EXACTLY everything that i have gone over in my head numerous times and have attempted to try and explain to others.

She seems very knowledgeable about the LV market, especially REO market.Andy, Las Vegas is a much different market that the OC for sure.My quick advice is to fire this Realtor and find another one basedon some recommendations from the members here.I know of a site called Active Rain where about 200,000 Realtorsare all on.

Maybe even look to partner with someone here on the site who is active in the market you are considering.I hope that was helpful.

Daisy,Welcome to BP, this is by far one of the most active forums.

We heard nothing during the course of the week so our agent left numerous messages.

This kind of question comes up a lot on here, and it seems the consensus is that if you're a single member LLC and actively manage your rentals, the LLC doesn't limit your liability as much as you think.