You also may be able to extend the life expectancy of the existing plan by averaging your age with the decedents. .

What expectations should I have for this time?

Firsts are generally not effected by 2nds foreclosing, btw.You have tremendous power at the moment, having a lender with no expectation of getting paid, ever.

So don't expect a set percentage that the bank will accept.

Much easier to reduce your expectations and have them mail it to you (pick a better area with better clients).

What is the best way to find a RE Attorney and what can I expect to pay for services.

If the rent per unit is reasonable you could land long-term tennants who will almost do anything to be able to keep their first place away from the parents.And they do not expect a whole lot of amenities most of the time.

They're expecting to walk away with a commission when the deal closes.

so drop me a line if you feel like telling me your distance investing stories...long story short, i've heard a lot of good things about indianapolis and i'm interested in meeting investors in the area familiar with the market there and to maybe school me a little bit on what i should expect on my first couple of deals.

He sadly has no of that and only brings hard work, a brain and the will to go through a start up with me to the table.My guess is that the weight both the expected cash flow of the business model and liquid assets you currently have (cash, stocks..etc).