arm reset in october '07 and there is also a health hardship involved.

What taxes do you pay when you sell a property, when you rent a property, and how much?
I was looking the answer to this questions and came across the book called “The 1031 Reinvestment Plan: A Complete Guide to Tax-F...

Now I'm using it to keep track of my employer's list of REO and all the data associated with each property.If you decide to sign up for a trial account with Salesforce, make sure you go to the "Appexchange" (their directory of add-on applications) and install the REO HQ app into your Salesforce account because it was built specifically for REO related stuff.

Having a buyers agent has been integral part of our team.Giving the agent specifics on what your looking for saves tons of time.They can also build good relations with the REO sellers agents in the area.Keep interviewing RE agents.

@Bryan Hancock - You posted a quote regarding the 50% rule relating to SFR's.

There are some local areas where I am a septic expert and I know everyone at the Health Dept, but save for those rare exceptions, I would not do it, and I would not advise you to either.But where I am at Septic's have been a huge issue and I have seen many homes/lots marked uninhabitable due to this specific issue - I am not certain how severe and "hot" the septic issue is in your area.

How do you locate the things relevant to this business relatively easily?

I would suggest brushing up on future and present value calculations as you start making offers, only because it will help you identify what your offer is in relation to what a cash offer would be.Couple rules of thumb I follow.#1.)

Title deed related restrictions won't/don't apply to debt encumbrance.

Hard Money Lending and Apartment Ownership can both certainly do it.My concern is the combination that you are relatively new in REI, you are seeking high (and thus higher than average risk) returns and most dangerously, you seem to want it to be "automatic".