We are getting ready to place an offer on an indymac short sale property.

If so, it might change your strategy, but still wouldn't necessarily mean not to invest.Sounds like you either know someone who could be renters, or you have a ready population of students who could be your renters.

Bottom line ready to get started.

If they're currently behind in payments for consumer debt, that's another issue.

I simply have decided that I am ready to begin my career in real estate investing.

Get ready to toss a ton of leads.

You can look for one with the following link:http://www.biggerpockets.com/real-estate-investment-clubs.htmlSpend lots of time on BiggerPockets, listening to Podcasts, and reading books and you will be ready to buy in 6-12 months with very little apprehension.

Come one year from now I will be burning rubber ready to come off the line...

You would hate to put $40K into a property to get it ready for sale, only to find out you have to rent.

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