From a RE investors point of view, paying $240K for a house that's worth $260K and that needs work is a very bad deal.

I have been given the opportunity to run with the RE/MAX Racers For life, individuals from my office that have been directly affected and I am looking forward to the challenge.

You don't need an agent to do that.After re-reading your post, and my answers I don't think I'd have any interest in this guy.

I am very lucky to be in a thriving RE market and have the resources to provide great investment opportunities to others.

Because I have no income right now I figure a great way to get into RE is to look into wholesalling and referals.

She probably knows the RE laws in Pennsylvania better than most attorneys.

This is the place to be if you want to learn and succeed - Guaranteed.There are several r/e investing forum sites out there but this is by far my fav.See ya round!

Just food for thought.In addition to HML, there is private investors such as IRA holders (self-directed), people with $ in CDs earning tiny returns (compared to RE), family, friends, associates, etc.

Your RE business generates more income than any other income source.As opposed to depreciation which spreads deductions over 27.5 years (residential only), you could do a cost segragation analysis on your property (cost is between 2k-3k) which always produces larger tax deduction benefits and partially avoids the depreciation recapture when you sell.

The area is very stable, and the "normal" transactions are few and far between.The WaMu appraisers have agreed to re-evaluate the numbers based upon the list of comps I provided.