I know the market is hot, but really?!

This is a very complex subject and an unpopular one for some so I won't go any further other than to say that you can't just look at a neighborhood in isolation. 

Florida Palm Beach CountyA friend and I are buying junior lien foreclosures taking the property subject to the existing mortgage, what are the strategies in dealing with the mortgage assuming the property is not upside down and we do not have owner cooperation.Best regards,-John 

Douglas,  try picking a topic of interest like, single family home rentals, wholesaling, becoming a real estate agent or buying real estate with no money down, and learn all you can on that one subject.

I need to gain capital once I've acquired capital,  I plan on using in a "subject to" investment.

But I can see your argument and Michael's, depending on the situation, being the right choice.Thanks for getting me to think deeper on this subject,Dave

i like being in the NE in the summer AZ gets a bit to hot for me and last summer i almost bought a boat until i found out how much it cost to keep it in the water and than pull it out and store it over the winter....

In my opinion, lot investments are best in a hot construction market or if you get for deeply discounted price like at a tax sale.  

Any advice on how to find buyers, Hedge Funds or Real Estate Groups to purchase on the above subject?

I don't know much about PG County but if you speak with a local real estate agent he/she will be able to tell you where the HOT areas are located.