http://finance.yahoo.com/news/foreclosures-draw-private-equity-u-150127753.htmlmost of you probably already heard of this in the past months and it looks like it's going to happen pretty soon. as a newbie in REI, I'd like to hear what the experienced player's opinion on this. couple of questions I can think of. 1.

I have found a record of this property going up for auction or any recent foreclosure listings.Standing by for any insight.Thanks for the info in advance!

Ended up costing around $10/ft, but that was for a very advanced solution.

Thanks in advance.

I didn't put the properties under contract as of yet because I told them I would see what I could do.Thank you in advance.

i live in ca so i know i would have to foreign file here in ca. im sure it will be an extra expense having a foreign llc but am willing to overlook the extra expenditure if it will ultimately protect my assets BETTER than what a california llc can do...looking forward to some words of wisdom. thanks in advance

Thanks in advance.

Read your local laws with eviction, and don't start the process without a written notice several days in advance (this is typically the very start, and it must be in writing).

Look for the major Private Equity/REIT players to announce BIG Residential REO take downs over the next few months.

Thank you in advance.