When a short sale package is submitted the bank, it is automatically reviewed for HAFA eligibility, If the investor on the loan participates in HAFA.

I haven’t been able to get ahold of a broker as of yet to determine the exact rate I’d be looking at but my initial knee-jerk figures say I’d be barely cash flowing based on the 50% rule and would probably cash flow $80-$100 per unit in 1-2 years.

Do I get a trophy or the new, kinder, everyone is special "participation ribbon"?

Hello,Last year I purchased a historic commercial building that had 2 tenants who just barely paid the expenses.

http://www.irs.gov/Retirement-Plans/Plan-Participant,-Employee/Retirement-Topics---Prohibited-Transactions

I didn't expect that.On the other hand, I'm in Chicago for several days participating in a high-end training program because I don't want to ever stop learning new and better ways to run my businesses.

All ceilings has to be scraped down bare and repainted what is nightmare this was.

Stick around here on the forums, participate, read and don't be embarrassed to ask your questions, we all have to start somewhere.

That said, variety is the spice of this asset class. 10 loans don't make you experienced, 100 loans is barely a scratch in experience.

Thanks to @Joshua Dorkin and @Brandon Turner but also, thanks to everyone who participates on this site.