The reason I asked if you were going to rent or sale, the numbers on the rehab can be dramatically different with the latter being more expensive and time consuming.

My best advice for getting the best deals...close quickly and cleanly with a reo agent in your area to establish rapport, then make it loud and clear you are ready to play.

I already have more than that many and am becoming liquid again and ready to buy in this down market.

Buy consumer goods with cash.

Screening, vacancies (mostly, these won't turn into purchases), advertising, make-ready, utilities while its vacant, insurance, taxes, etc., will still fall to you.

Just throwing this out there for some experienced investors take on the Deal I have been working on. Found Two houses my partner and I like. Both are 2-bedroom Single Family Homes. I optimistic that I can acquire ...

I may run into some deals before I am ready.

Word is an announcement is coming in 20 minutes.More:Paulson readies the 'bazooka' It took two months, but the bond market called Henry Paulson's bluff.

I will easily put in 15-20 hour days here getting properties tenant ready asap and will drop and sleep just about anywhere in my house or the property I'm working in then get up the next day and keep going.

I personally advocate blogging if you have the time to commit because it invites consumers into a conversation with you and acts as an immediate trust agent.There are many great ways to start blogging (there's even a blog button up top of this page you could use to get started on one) and the advantages are many.