The sale price is $60k and the zestimate is $100k...comparables seem to be in the 80-90k range.

Additional expense is that MFH is in flood plain, so I need to spend $375/year for flood insurance.THIS WEEKINSURANCE - I purchased similar insurance coverage for $1700/year, compared to prior $2050 year.

Learn how to find comparable sales and compare these to places still on the market.

Focus on finding more than a few reliable reo agents, and other direct sources to supply you with properties.

One can be an excellent agent without the certifications, or a poor agent with a business card full of acronyms.Aside from the normal qualities desired in any professional -- good communication, reliability, diligence, initiative, responsiveness -- a good investors' agent needs to have a level of expertise that's hard to get in a classroom.

But in this case I think I'd compare these programs to what comes out of the back end of a bull rather than chocolate chip cookies.Sorry, but I am very negative on these programs.

You need to see what comparable properties are actually selling for in the last 6 months.

The bank said this morning they are still deciding on what to do (which means they will probably take the short sale, compared to foreclosure)But how can I get out of the mortgage deficiency?

From what I have heard from so called " reliable sources", it is supposed to be a good place to Inc. for asset protection.

to stay local, but since Brian Levredge and J Scott are doing it long-distance I'm keeping an open mind.Investing in rentals out-of-state makes sense to me if you live in an area where rentals just don't cash flow compared to other areas, but is the flip situation similar?