More knowledge and intelligence is needed as the details can really matter.Here is a very high level set of suggestions.Read all you can.

My background consists of over 5 years of mortgage experience.3 years as a loan officer with a national broker.2 years of with a national lender, in the appraisal review department.In the last year I have decided to get into the appraisal business, as an account executive for a national appraisal company, which I am finding is a great way to stay connected within the mortgage business.Before my career in appraisal/mortgage , I attended Salem State college in which I received a degree in Liberal Studies.

We do not do basements so the septics are ground level.

Being legal and getting the deal closed is not the same thing.Consider making offers in the name of an LLC where you can sell the LLC rather than assign the contract.Or do deals at a level where you can afford to use hard money or a double close if you get too many acceptances all at once.John Corey

Circuit City once suspended its 30-day guarantee on big screens during Super Bowl/College Bowl season.

I have more corner cutting knowledge and shortcuts, replacements and subsitutions, and alternative options knowledge than any investor I have ever met.I have a 4 year college degree as well.

The fees follow the rules and regulations for real estate (Federal and State level).There is nothing magic about an REO deal.

That's right I said it; Even if the home has been on the market for 60 days, most asset managers approval levels are based on the current list price, which as you pointed out, is reduced every 30 days - most of the time.Unless its priced right we keep tabs on them until they get into a price range where its a buy.

Especially in college areas, I think it would be easier to rent single rooms that way at least part of your mortgage is taken care of while you find more renters.Also, do people usually plan there rental property prucahses around the school year, IE purchase a property before school starts when the students are still looking for houseing or do you just buy when you find the right deal even if it is the middle of a semester.

There is a certain level of loyalty and respect, but there is a supreme understanding that we're all in this to make money.