It will be more hands on on your part, since you or the seller will have to do all the legwork an agent would normally do.You involved in what's called a "wholesale" transaction.

www.hud.govI know hand holding can be a drag, but can you expound more on this?

All I knew about this family was 2nd-hand information: from the owner and from 2 different maintenance people who have been involved in the past.I gave the owner tips of what to do and agreed to accompany him as a photo taker.

I don't have it anymore, but if you could get your hands on that info, while it might be outdated, it would be a great place to start.

I am interested in Cash Flow and appreciation.I can put my hands on $45,000.00 +/- immediately.

on the other hand it is a good deal.

My wife, on the other hand, is interested in getting involved in Low Income Housing and would like to learn how to invest in properties that would enable us to rent to low income families who has lost their homes due to the subprime loan scandals.

I guess some people need hand-holding, or huge injections of encouragement, or the perfect 'plan', or whatever.

On the other hand, if you feel that liars, criminals, and non-paying deadbeats should be living under a bridge, you'll do fine with the tenants.

Seems the knuckleheads in DC think they need their greedy hands in the pot and making the housing market a bigger issue than it should be.