now that most states have a 40% or higher forclosure ratio the banks are allowing compilers to access their inventory via websites and distribute their non performing properties and reos to the general public. they are selling these anywhere from 35% to 65% ltv. traditionaly it was hard for the smaller investor to obtain these properties in this mannor due to the higher minimums set at $10,000,000 but now the banks are allowing even single properties to be obtained in this mannor. i am happy to refer anyone to a broker or compiler i have used if they are interested.

We have access to Hedge Funds, Insurance Funds and Private Hard Money Lenders.

A realtor with access to the MLS may help you find more multi-family units.

Being a little knowledgeable about real estate prompted me to expand on the idea of how to get one (real estate in New York is expensive) in a creative manner and having some knowledge about creative financing also prompted a larger goal (instead of an apartment how about a loft building with apartments for rent or sale).

Most REI should have access to one if you can't find a good one.

Lighting and security screen doors or access control for common areas; removing overgrowth that provides hiding places or pest havens; access area, curb, and hazard paint striping; these all add to curb appeal as well.

You have a true desire to make money, and if you can, help a few people along the way while expanding and developing new opportunities.

Could be this is very expensive or just plain can't be done.You'll also have to consider access, if just subdividing it results in land locked lots at the back.

Do you think the bank REO departments that were so hard to get in touch with may be a little more accessable?

Jeff,To expand on what John said ... all six are the right answer.Just depends on what the question (read the deal) is.But be prepared to switch from one to another i.e. multiple exit plans.Question #1 ... private investors (aka silent partners or HMLs) ... no, not that hard.