I have enjoyed learning the trends and tipping point of the RE cycles.

But, could well be things in your specific area that will buck the national economic situation and trends.

The key is to have real cash buyers in place, ready to pull the trigger.

The key is to make them look great for litte money.

This is they key to the actual true cash flow Mike is pointing out, and a 6 cap, will most likely not get you there.

Our model sells cash flow turn-key homes to investors with a little to no money down program.

Lis Pendens Filings •1681 Mortgage Related Foreclosure filings •1775 total Lis Pendens Filed •88.4 Per Diem in filings •121 per diem filings for the month priorDeeds Via Foreclosure682 Deeds were transferred via foreclosure from the courts.Notes•The same players in filings and deeds remain throughout the trend •Fannie and Freddie getting lots of deeds •Countrywide appears to be working on the backload.

I can't wait to sign the papers, get the keys in my hand and go over and wash/paint the walls, do the minor repairs like add a railing to the basement, etc., If anyone else going through the process of buying a foreclosed home, hang in there.

This is the key point.

RE attorney in that stateRE agentTitle/Escrow companyProperty management + at least 1 back-upLenderHome InspectorCPAContractorHandymanInsurance agentAnother investor in the area (possibly), or mentorThis list includes most but possibly not all.The key is having the knowledge and experience to know what questions to ask during your interviews with these potential team members, the ability to properly negotiate contracts, and knowing how to handle or avoid some pitfalls (too many possible to list here)