It has become increasingly difficult to find underpriced properties in many markets (NY, LA, etc.).

Its capped at 11.5%.

Finding a partner will be difficult, but If the property/deal is right, I'm sure there will be people lined up to get involved.

Dead people are rather difficult to deal with.Seriously though, the trustee needs to be notified that the person on the mortgage being foreclosed has died and they pull the posting until the lender can sort it out.Typically, the house goes to probate and the investor rarely gets the deal because once the sale is stopped, the heirs tend to list it on the open market.Jimwww.dfwmentor.com

Establishing yourself in theCommercial Finance and/or Commercial Real Estate Market canappear to be a difficult task.

I've been hearing that Utah has great CAP rates and good appreciation.

It would be extremly difficult to give you any advice if you don't know what kind of returns you're looking for, and under what time-span.

SHORT TERM CAP GAINS (holding period of less than 12 months) is taxed the same as ordinary income.I'm not sure what the CA LT rate is, you'd have to look at your instructions for your form 540.If the house has been your PRIMARY RESIDENCE for 24 of the last 60 months there is no tax on up to $250K gain, if filing single, $500K gain for married filing jointly.

Have you checked out: http://www.biggerpockets.com/bank-reo.htmlBTW - Please do not use all CAPS when posting.

You're going to have a difficult time getting MLS access without your license.