Make sure your property meets FHA miminum standards for safety, soundness, and security. 2.

That being said, I have not lived your life so maybe the security you get from being debt free is worth the opportunity costs.

Land lords lein means you can go in and confiscate certain property to secure until they pay the rent.

It is a supply and demand issue.My area is trending sideways with small blips down, but then up.

Our coop buys water at $7/1000 gallons from next city, but is supposedly opening their own water supply in Sept. for about $2.10/1000 gallons.

It's a note secured by the lease.At $600 monthly and 24 months that's a 18.157% interest note.Be sure to charge fair market rents so you are realistic about the returns: If you didn't live there and fair market rent is $1,000 and you charge $600 for 2 years you're essentially giving him something like 78% interest.

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

Guess I could tell you, it's 2 months, 12 days, 16 hours and 42 mintues to cash my check......lol, that doesn't tell you anything really and to say "average" that's a moving target as it depends on so many factors, your market supply and demand, interest rates, scope of projects, time of year, weather, who you know and their ability to buy.

:)A couple years ago when cash buyers were in short supply, cash offers warranted significant discounts.

Look up the recording in Book 833 and get the legal description of the secured property from that you can get an address through the Assessors office.Or, you could call the Trustee and ask.You might be able to do a name search for the owner as well and gey the address.The filing will show the initial lender as the note could have been sold.