Mike: I'm currently getting things organized here where I'm at in hopes of being able to get a property under contract via an option, and then sell the option to either another investor or an actual end buyer and then take the profits from that and move to Vegas, so I can have a few months of living expenses covered until I get going over in Vegas.I've got a few questions that I'm going to need to ask, but I'll save that for another post!

That way market specific info could be organized in one place.

Sell to an actual end-buyer and take my assignment fee at time of closing.Side Note: If anyone has any comments about this strategy, please let me know, as I'm open for any/all suggestions.Now, here's my question...As a new, aspiring investor here in the Sacramento area, especially within the suburb where I live, and the surrounding neighborhood, there's been an influx of homes that have been foreclosed on, which the banks have bought back and have sent to their respective RE companies for resell.Would these REO's be worth my time going after, in order to hopefully wholesale and if so, what kind of reaction should I expect on submitting low-ball offers?

There are offers similar to mine, but none that are cash like mine.This is my first offer and I have the jitters, but the numbers are real good and the neighborhood is a LOT nicer than the areas I'm targeting.

Details like purchase price, rental rates in the neighborhood, etc. would help a great deal.I disagree that most areas in Denver won't cash flow.

Trust me, there are worse looking properties in the neighborhood. 

How solid is the neighborhood?

At that point your in deeper with costs.Find an agent that does business in that neighborhood and is well respected.

Personally I don't think anything with a cap rate under 10 makes sense from a business point of view.Cap rates vary greatly by area, even down to the neighborhood level.

You need someone that is up to the responsibility, is well organized, and has a thorough understanding of most of the basic systems of your typical buildings.