Jim- thanks for the information, I'll keep studying and probably be back with more Q's for ya.

Have you done a market study to make sure your rent isn't too high?

You're going to pay very high rates or give up a big chunk of the equity.You're more likely to come up with personal financing (friends, familiy, your own cash, etc.) to get through the initial studies.

.; the studies that support the use of the 50% rule were performed on various properties in this country.

I have recently started studying short sales as I come across leads very often.

I know I study the deals very closely before I waste my time making an offer.

I did a quick study of all the local banks and credit unions.

According to the CPSC press release, “hydrogen sulfide gas is the essential component that causes copper and silver sulfide corrosion found in the complaint homes.†They also state “Earlier studies found large amounts of elemental sulfur in the Chinese drywall.†The information provided by Alfred states “Researchers at Columbia Analytical's Simi Valley laboratory have confirmed that hydrogen sulfide is one of the major contributing agents causing corrosion; with its characteristic rotten egg odor, it is likely that hydrogen sulfide is also the major contributor to reported odors in affected homes.†The Columbia Analytical researchers also confirm high levels of elemental sulfur (i.e., naturally occurring pure sulfur) in samples of the Chinese drywall.

A good start would be reading the articles here on BP as well as studying the Short Sale forum on this site.I assume you've got some money to spend if your looking into tax liens.

To answer your fist question, yes, my attorney is highly experienced in short sales and has been reviewing and studying the new bill for several clients, not just me, so he is well versed on the subject matter.