I want to interact with people who are passionate about their dreams.Best,Isaac.

Not too interactive.  

Is there much interaction between the lien purchaser and the actual homeowners in these situations or is everything done through a 3rd party intermediary? 

Rehabbed it (cost more than anticipated, about 20K.)

Guess it depends on the nature of the properties (residential, commercial), your D:E ratios in each, terms and restrictions of mortgages (avoid ARM's that expire concurrently), anticipated vacancy rates and trends, cash flow and reserves, etc.

My wife and I are about to buy our first home, which I anticipate being a duplex, from there the strategy may shift toward the commercial side or additional multi-unit residential properties, just depending on stuff.

After some data entry, a computer program compares anticipated post-foreclosure net proceeds against short sale net proceeds, and produces a report.Sometimes if the loss is large enough, the approval process must be diverted to a special group that takes a 2nd look at things.Add on top of this: too much work and not enough people.

I did not mean to come across as a naive agent thinking I can just waive my license around and immediately have "any business fall into my lap".I simply wanted to put myself out there as a first step in engaging and interacting within BP.Thank you again for the well wishes

I've been devouring the podcasts as much as I can and try to read and learn in anticipation of completing that first deal!  

I would talk with the association about past capital expenditures and what they anticipate for future capital expenditures on the building.