Aaron has posted some very good questions in response to several statements.

buy two Las Vegas rentals that meet the 2% rule .... and I agree with your statement: 2010 will be the best time to buy properties for the buy and hold investor.

Get the number from the homeowners statements and then call them and they will want a net sheet or hud.Brian Haskins

My all cash offers are real all cash with bank statements provided to prove funds and my relationships with teh brokers are the difference in me getting the property over the competition.

Not going to argue detroit, but you're nuts on 2 of your statements. 1.The older are going to start dying??

As a REO purchase, you should have also had to include a proof of funds, such as a pre-approval from your lender and/or bank statements showing you have the down payment available.

Paying heat in a cold weather area or air conditioning in a hot area is a great way to go broke.Quite a blanket statement to say the least.

If you application includes a statement giving you permission to investigate their employment and prior residences then a faxed copy of the application usually suffices.

It was a generalized statement which in a round about way, you agreed with.As for my spread peramiters, true, I may require more than another or less than another.

Proceeds to Litton shall be no less than $57,615.00 Litton reserves the right to adjust its approvednet proceeds or cancel this approval if any of the terms on the enclosed preliminary HUD-1Settlement Statement are altered without our prior approval.