We definitely learned a lot from this one...not only in terms of what we really want out of our RE investing but also some of the mistakes that can be made.Found some cool marketing sources here on the forums and will be getting the word out.

Pickings are slim at the moment in terms of inventory etc, hence needing someone specialising in Foreclosures and Short Sales.

I don't necessarily see the need to incorporate them into cash flow in terms of evaluating a deal.

Can anyone tell me the differences in benefits to each membership wfhich will be of better benefit for newbie in terms of info that can be gained and used?

I will try to coordinate with the moderators...In terms of my properties, I own them F & C b/c I paid cash for them ....

Because I know that code in the States is way laxer than where I"m from in terms of efficiency, I go with my own standards of work. 

To be honest I am as green as it comes in terms of REI, thank god for BiggerPockets I feel like I have hope.

. :-)So, what this means in terms of the question above -- I would highly recommend reading and studying intensively until you are *comfortable* with the idea of jumping into a project.

First you need to ensure the buyer is qualified to buy and close the deal.Secondly, your contracts can have problems for the mortgagee if they are more than three years in term, shoot for one year.

Know what you can tolerate in terms of cleanliness and chaos and try not to stretch it.