Finally, you have discovered that meeting applicants can be dangerous.

A few days later, I was informed there were multiple offers and the final date to put a final offer in would be 9/24.

Summary of my project: Upgraded old electrical systemComplete kitchen remodel (including soapstone countertops, copper farm sink, stainless appliances)Complete bath remodel (two)Removed walls on stairway, so now open stairwell with new newels, ballisters, etc.All new windows, doors and door hardwareAdded/replaced all molding (crown/baseboards/door/window etc.)Replaced all lights/outlets/switchesRefinished all floors (wood)Replaced all metal radiator covers with custom wood covers (turned many into great little windowseats)And finally (of course) every single paintable surface has been painted!

High expenses (always felt he was being hosed on upkeep and commissions) and a lack of flexibilitiy for his family in peak season finally settled the issue for him.Now that I'm retired and am considering living in CO 1/2 of the year it may make more sense, but looking hard at the numbers I'm still doubting it.

I have finally decided on the route I want to go, and the niche I want to target.

I've been listening to REI podcasts and reading all sorts of everything for the past two years in addition to reading a number of assorted financial periodicals in general (any sort of periodical being another big weakness for me), and I think it's finally time to take what I've learned and take some action.

Thank you for showing interest in our site and finally making the plunge to join up with biggerpockets!

I have been studying real estate for almost a year now and I am finally in the position to make something happen.

Question 3: Would it make more sense to wait and try to pick up REO's at final auction or should I try to make aggressive offers and just stay in touch?

Strong preference for properties that are close to the light rail expansion projects that are currently being finalized in Houston.Hopefully the properties are cash flow positive, but I am willing to go underwater since I am expecting at least 10% annual appreciation over 5 years.Close in properties are very difficult to find (and lock).