So you true REI PRO's out there let me know if I'm putting the cart before the horse please.BP4L,Mike

"It's a marathon, not a race."

I heard of a huge race here in Spokane.

hi robyn. the best advice i can give you is never give up. nascar king richard petty use to say " in a 200 lap race, the first 199 don't count". it doesn't matter where you are in the race, it matters where you finish. but you have to finish the race. the deals will come along. you won't find one everyday. keep on and you will win the race

They are more concerned with the return of their money than on their money.You can also get into some deep legal issues soliciting private money, as investors or lenders, your pitch can violate security laws, which is pretty much why you need to be acquainted with people and approach them carefully, one on one.Your HUD property isn't one you can take down as a deal without financing lined up, you have the cart before horse.

The same is true of every race and creed, hell it applied to me 45 years ago. 

Similarly, you are slammed with work because a million people want to buy your listings for "x" over list price, and your sellers are throwing caution to the wind and offering "x" over list price to get a home amongst the rat race.

Make it a goal to get in the door no matter how, and you'll be off to the races. 

That means while I'm technically a landlord, I'm a landlord to myself...So in otherwords, I'm a highly motivated, highly researched, ready to act individual who can't quite figure out the right niche to get rolling in... and by the way I'm a car guy so wish I had more time to race and spend on the track, which is one of my secret motivations of more passive income streams. 

It might have worked in their generation but certainly not today or the future... if you haven't, suggest you read:Kiyosaki's Rich Dad Poor Dad or listen to the audioRobert Frost poem "The Road not taken"We are working with Kiyosakis I/Investor quadrant(let your money work for you, not you work for your money) as opposed to the E/Employee, S/self employed, B/business owner quadrants-the rat race quadrants of you work/slave for your money.My parents couldn't guide me in this space since they came from the Poor Dad syndrome - go to school and get a job/journey of the broke and the rat race like the majority population.