This sight has offered me a lot of insight into investing and there is a TON of knowledge to be gained from this sight.

There is a ton of information to gain from this sight and you will find there are plenty of people willing to offer you their expertise.

The IRS then lets you have tax-free gains on all investments made from this account.

Action is "Knowledge" with knowledge of foreclosure and the foreclosure process along with the understanding how foreclosure will affect your customers future you will gain a greater understanding of your customers needs and situation.

Also, continue to read these posts, ask questions, and gain knowledge constantly.

While you can gain access to the full MLS data only if (as far as I know) you are a licensed Realtor, you are then subject to the state's Real Estate Board regulations and are also required to pay MLS dues, Real Estate Board fees, and any association dues (Natl Assoc of Realtors, state Association, local Association) fees as well.

That helps people gain trust.

But I'm guessing you mean how much TAX do you pay on the gain, right?

I would like to get information on where and how I could begin to gain contact REO's.

If you keep asking all of your questions you will gain more knowledge and confidence to take the important steps to successful investing.