Sunk about $30,000 inside, it looks absolutely magazine perfect w/ new bathroom and kitchen (granite, limestone tile, the works), was inspected in 2009, no issues.

I'm not concerned about web hacking, but see why some people are.

Use Google to learn what such a business is (I pay you while you learn), create a web site to market the business (copy similar web sites without violating copyright law, then customize it as you wish), do online and off line marketing campaigns (here is a credit card with a $1,000 credit limit - you figure out how to market - I pay you while you learn), and make my phone ring with good quality prospects.

Sorry for the digression above, thought James was original post however: One way to start is to go to zillow and find properties that fit your criteria. price , area , potential rent. next check rent on Rent o meter web site.See if you can find the county auditor on line and look at prior sales of the target property, current owner , is there back taxes due.etc.

Side notes: Remember there is a $199 web technology fee (BS), and another auction premium fee.

I'm caught in this web, too.I can get the proof of funds, but to get it, I have to have an end buyer in place.

Just looked at another agent's web site who also concentrates on REOs, and his list is also much smaller than its been in the past.

I have read the articles in fortune and money magazines and have seen the stories of people picking up foreclosures for pennies on the dollar all across the country and making money from them.

I found this thread useful and wanted to share the direct link to the PDF HUD-1 from the HUD web site.http://www.hud.gov/offices/adm/hudclips/forms/files/1.pdfAlso, would anyone have an example of exactly what needs to be filled out for a land contract.

Jeff: You may want to look at the web site for Guidantfinancial.com to get more info on the self-directed IRA/401.