Here is a short video of what's going on: http://screencast.com/t/qt93Kd1HI'll use the direct link suggested above in the meantime ...Thx - Michael

A take away I have seen is that the most successful investors that stay in the game make mistakes and simply learn from them.

Some companies will charge you the PM fee whether there is or isn;t a tenant in the home, so again, read the agreement, and make sure you know what you are agreeing to. 

You are simply buying and selling the property.I would agree that its absolutely necessary that you win a bid low enough under the list price to have added value (get it priced right and it will sell).

But t also has to fit my ROI requirements.

People here make hundreds of thousands of dollars in equity simply due to the timing of their purchase.

It just feels extremely low over the long term if doing proper CapEx or full turns/remodels over a period of time.Not trying to be confrontational, simply curious of what they were.

I put all my cashflow in a "real estate" account and simply use that to either buy more places or use as a emergency fund.

If they do not know simply ask them how much is monthly mortgage, and how many months they have missed (this does not include lawyer fees which can be alot) but its a start.2.

@Alexander Moses  best thing if you actually want to be in the industry is to simply get a RE licnes and go work for a brokerage that specializes in what interest you..