These skills need to be mastered prior to investing in any deal that requires rehabbing, marketing, or managing.

I guess you're talking about prior to that, huh?

Purchasing a home FHA can put you on the road to having good credit because they basically require applicants to settle most debt prior to submission.hope this helps....

Before I got into real estate for about 2 years prior I just sat around living off savings.

Sure, he also actively manages the investments (unlike the fund manager), but that's the easy part compared to the analysis of the business prior to purchase.So, while fund managers can't beat the market, that's more because fund managers aren't good enough at the business, not because it can't be done.Remember, Warren Buffett would be the first to tell you that diversification is the *wrong* strategy -- instead, get really good at something, and then repeat it over and over and over again.

However, it's for forfeited property on March 1, 2008, and/or on March 1 of a prior year, for failure to pay delinquent taxes, interest, penalties, and fees, be foreclosed in favor of this County Treasurer.This seems so old, however I talked to the county treasurer's office and they said this is the most up to date list they have and there will be a new list published in August.How are other investors getting to this info??

MikeHave you done any diligence on your geographic scope prior to this?

Want to run a business full time instead of working for someone elseIn either scenario the activity involves an order of magnitude more work that most people realize when they get started and most burn out prior to reaching the utopian goals set by the guys in the Hawaiian shirts.

Jimmy, can you add some color on a few points regarding due diligence of this opportunity:* Why did the complex fail under prior ownership?

The biggest expense I tend to overlook when plannig a rehab is the hardware (nails, screws and bolts can get up there quick) and other necessry items like caulking and construction adhesive.