I'm guessing someone is doing on-site management, and part of the deal is that you'll pay them.If you think $600 is a good value for rent, use that over any value the people trying to sell these are telling you.

Find out who list HUDs in your state and you can go out and get their requirements and you can watch the site to see if you won.

Now that I am trying to invest on a full time basis, I find that the available RE foreclosure sites which I used to use, do not have enough or timely information for me to compete with others.Despite the high number of foreclosures in AZ (Maricopa County), there is a rat race to get to the best "deals".

Hey and welcome to the site.

The property management fees are 150 dollars a month ( on site ) I would put 20% down.

The best gurus you'll find are on this site.

You will find what you need on this site and have all your questions answered that you need to have answered!

I'm not legally old enough to purchase property, but I'm sure I can work out some deals under my parent's names.I'm very eager to learn and I look forward to meeting everyone on this site and making my first deal.However, I'm not sure where to start out.

Jay - Welcome to the site.

Scott,Welcome to BP.There is a lot of great knowledge on this site.