Its very difficult to buy any particular one.

rtremc,I will be VERY DIFFICULT to get a bank loan with terrible credit.

I got the point on the flying analogy.......It makes sense....BUTAnytime someone says but it means they don't agree......in this case I agree but have something to add.............BUTIf you do not know how to fly you can still get in an airplane and go from point A to BYou just need an experienced PilotIf you do not know Find Someone who does........Find a way to enlist their knowledgePay them if it neccessaryBut get the knowledge.Most people could learn to fly in a single hour of instruction.Landing may take only 10 hours the min requirement to solo40 hours min to be certified.Cost 5 to 7 K $Of course your learning to fly shouldn't end there....Flying is easyTaking off a bit harderLanding the hardestInvesting First DealDifficult to get off the ground easy once you have a property to hold or rehab....like flyingLanding.....the most difficult ....getting out of the deal with a profit.In Investing As In FlyingYou should plan your trip before you leave the ground.Inspect the vehicle to be sure nothing is wrong with it.File your flight plan (business plan)Be sure you have enough fuel (funds) to reach your destination with some reserves.Be ready to abort your landing if it dosen't look right....

Tenants can be difficult and the worse the landlord is at landlording, the more difficult the tenants will be.Flipping is good for generating fast cash.

I have a guy in my area that will pay me up to $1,000 per short sale lead, I have to get their basic information, which requires meeting with them mostly, bank contact and balance owed, etc., and he won't deal with war zone areas or condos.

It can be somewhat difficult to buy a house with poor credit if your getting a conventional loan.

Every investor has their own "deal evaluation sheet"You need info such as bedrooms, baths, repairs needed, their monthly payments, their mortgage balance, how much they want for the property, will they let you take over their mortgage payment, why are they selling, etc....Most importanly you need to know their motivation for selling and if it is even worth your time to look at this property.

You're asking for predictions, and those are difficult.

I currently work directly with a buyer that specializes in purchasing REOs in bulk, NPNs (non-performing notes), and UPB (unpaid principle balance).

Your new balance sheet might look like:2 * 100k homes w/ 120k equity and 80k from the bank @ 7%.