would help if you delineated what your new to and what you need help with.but a good start for any beginner is the local REIA meetings they are full of beginners like you.mid stride folks and the one's who are doing very well who go there to find bird dogs and deals for little to no effort  LOL.And or if you really want in the business then go pay a few hundred bucks and get your RE pre license materials study take the test pass the test and go work for a broker who specializes in whatever aspect of real estate your interested in.. be in SFR  Multi  Commerical  leasing...

There is not much issues with the building, I have seen their budget and dates of major repairs/ life expectancy, potential special assessments..etc.I guess I don't want to overpay for it, but the same time if I was going to offer $62500, extra $2500 it is not a huge deal.

Are there any special requirements when you buy from the US Marshals Service other than pay with cash? 

Access to the MLS is great: setting up hot-sheets, really specialized search functions, running CMA's, access to tax records/mortgage/owner information, easy access to showing houses...Saving on commission or waiving it is great alsoBeing an agent is not the same as being an investor, they do overlap in some areas but think of someone opening 2 new businesses at the same time... it's do-able but.....

There is a post here like this daily, so don't feel alone haha :-)I won't speak on investing out of state, because each market will be different and it's not something I specialize in.

Our whole country operates in specialization, don't reinvent the wheel.When considering obtaining a license or not, one key question needs to be answered: what is my competitive advantage?

@Jay Hinrichs and @Sean OToole thank you for the help, I was lost looking at the wrong ORS.Jay, do you have any recommendations for lawyers in the Portland area that specialize in real estate or foreclosure?

The strategy requires the creation of a special trust and the distribution of the proceeds of the sale over time. 

Find agents that specialize in that building and let them know what you are looking for (check streeteasy to see if there are a few agent names that come up frequently as the listing agents). 

@Teri S. the board called a Special Meeting with notification to all members to hear and vote on this.