In short, I have a mentor who is basically going to help me find a great deal where my rehab/cost of property will be below 50%.

I understand the process fairly well generally Peter but I'm new to this too. you basically just sign a sales agreement with the buyer and after your signtaure you write "or assigns." this allows you to "assign" the property to another buyer.

(it was inherited and the guys too lazy to drive 2 hours to deal with it) The PVA assessed the house at 115k prior to my inquiry.

The tenants I want expect basic conveniences on site.

Basically, they charge you to find tenants a cost equal to 1/2 of the rent charged for the unit.

You should be able to look at the loacal MLS on line, the REOs are listed and will show up there.The ONLY WAY you get to a PRE-FORECLOSURE is by working with the homeowner, and the HO and the lender, NEVER through the lender alone, the lender has no say in a deal unless it is a short sale and then, basically only to the extent of an acceptable amount paid to the loan, with conditions.And anyone who tells you that you don't need to understand your market area, just sit there and buy and I'll do the work, is someone, IMO, you should not just walk away from, but run from!

In a lawsuit, the residents of a condo building, or SHAREHOLDERS, can be liable and sacked with a small or very large "special assessment"I'd also watch out for any upcoming construction on the building, and any plans for construction around the building.

This is a magic bullet in disguise.Those are some of the basics of advertising and finding the opportunities to buy real estate below market.

Here's the basic rundown on a potential deal.Couple getting a divorce, husband is drinking/drugging and neither of them are in the house.

County Clerk s office.The County Assessor keeps the main records on property assessment, although some records may also kept by both the Treasurer and the Clerk.The County Treasurer/Assessor keeps records on the amount and payment of current taxes.The County Clerk keeps records for past years.