The short answer is no,don't do it.You don't seem to be in the right mindset to become a member of my profession which is exactly what it is,a profession and not a hobby to pick up or put away at will.My profession requires lots of time devoted to learning both in and out of the classroom for at least 6 months to earn a license and the follow up sales training at the brokerage.It is not cheap either to get started with all the fees involved.From what you are describing about your personal life,family demands,and interests desired to pursue,I would concentrate on learning about investing in your spare time.Learn how to evaluate property for potential profits after repairs are done.Join an investment club and surround yourself with successful people who have already been through the process.Learn about hard money,gap funding,and what it takes to get the money you need when you need it.

Hi @Caleb Bryant, yes I regularly work with investors and retail buyers/sellers.  

I currently do not have a CPA as I only own one rental property I just want to have a working knowledge of the area to make better-informed decisions on future sales of properties.Thank everyone for their time and support!

Waive all contingencies @ 90k through the REO, or negotiate a solid occupied property @ 110k through a regular sale.

There are literally hundreds of variations on Real Estate Sale & Purchase Agreements.

Hi Account Closed for reports or you can connect with almost any title company that can give you various sales reports so you can get familiar with the market sales across the Valley.  

The market here is pretty hot right now.I started looking at doing another flip after I sell this one, and there are no lots for sale or many fixers either,so what I have been thinking about is building a second unit in the backyard of this house.  

The tub stayed as it was in good shape, the vanity was on sale and the tile I got for $0.49/SF, which anytime I find something decent at that cheap of a price, I buy them out of stock!

Since the loan will not be paid off any time soon by solely making monthly payments, does it make any sense at all to continue renting only breaking even, or should I pull the trigger on the sale and take what I can get for it, even if it means taking a big loss from my purchase price in 2010, just to be done with the house?

Do you have a power of sale clause in your deed of trust?