The agent makes a commission (finally).It's invariably a minimal money game for the agents, a lot of work and hustle for very little return.How well does this describe your expectations?

This is a numbers game. 

They then pulled the same game on a $25,500 REO and sold it for $150,000.

Note: the local bank may want you to have some skin in the game so it is likely that you will need to put 10% out of pocket. 

I run a mortgage and real estate office in LA and have worked for multiple investors looking to get into the SoCal rental game.

@Rick Pozos This thread is exactly what my heart wants, the whole BRRR process but I find myself in exactly the same position as OP which is $0 in the game.

I told him I'd be at $75k (what I bought the house across the street for), but encouraged him to get a CMA from a realtor and was off to my son's bb game. 

I find it interesting, as a new person in the real estate game, how incredibly defensive this forum is. 

the classic example of this was Morris invest.. they got a BP pod cast and of course top notch marketer with some TV celeb power behind him and they go and lay away 1000 investors into stuff that was either straight up loser to start to stuff that will never pan out over time.his videos were rudimentary like drawing stick figures .. he had this saying whats your freedom number  and would show 10 of these at 800 a month and there ya go. 

I’ve been watching videos on Max Maxwell and Mark Whitten trying to soak up as much as I can on everything they say, when I don’t understand something I watch it multiple times until I understand it.