It's helpful for someone looking nationwide like yourself and wanting some high level info to get started with.

Jannelle Nevels once you get possession of the property, check the plumbing, chances are there is a leak somewhere.Also assuming you read the Property Condition Report, which can give you a very high level idea of the condition.Did you get HUDs title insurance or your own?

I am trying to get an Fha loan so my credit is in the process of being worked on but until then to get this ball rolling faster is there anything anyone can suggest I can do, maybe have someone co-sign or something ?

While section 8 is a federal program it is administered at the local level so different areas have slightly different rules.

He must be a faster typist.

I will pay for my closing cost you pay for yours  or do you expect me to pay all costs.these are the basics... but do check to see if the seller owns it free and clear.. if not your have a subject too or a wrap situation which is much more complicated and creates another level of sophistication and due diligence on your part.

Very nice to live, but not necessarily nice to invest because the prices have increased significantly over the last few years and its very hard to get good cash flow out of them at the rent levels in the area. 

I was initially thinking I need to do cash, but the more I read, OPM sounds like a faster way to grow, if done right...am I correct?

One recommendation I would give you is find your local REO meeting you can connect with all levels of investors. 

At the level I'm at, a pm isn't worth it.I'm too small a fish for a pm.I'd sell first.