More info here: http://www.biggerpockets.com/forums/521/topics/187...As far as getting started, developing your strategy and whether to get lic'd or not....It's easy to get lost in all of the info and different investing approaches to real estate.  

I spray April & Oct. never see bugs after that.https://www.menards.com/main/outdoors/gardening/animal-insect-controls/home-insect-control/ortho-reg-home-defense-max-reg-ready-to-use-indoor-perimeter-insect-killer-1-33-gallon/0221500-0196910/p-1444453641200-c-14245.htm?

I was totally lost by signing the papers, much much more than I had to do in my own country. 

And even if reserves look strong, be aware that you have almost no control over what the board does unless you are on it, and with the one condo we do own, I'm shocked at what they are willing to spend on, and they have no problem raising our condo fees each year.  

To make you feel better I know people that have made millions to tens of millions, lost it all, and have made it mostly back again.

I am working with some investors I manage other rental property for and we are running into the same thing, profit lost mainly due to fees.

Puts you in legal control of a property for a specified period of time without having to actually own the property.

Since you somewhat have control over the price, mark it up by 2000 and give that as a bonus to the buyer's agent.Also, a key factor in a home selling is the condition.  

The owner is more likely to just delay the foreclosure and in some area it could take years meanwhile the owner could be staying with family renting out the place to pocket the cash off the books and than a few years later the foreclosure finishes and he could get bumped into section 8 (depending on location) with the bill 100% footed by his social security or workman comp assuming they are older or just lost there job because of an injury.... or no matter what the age maybe there just a deadbeat and will burn the place down and let the insurance deal with it...

Remember you don't have to own a property to control it.