I know there's fishing and fun to be had at South Padre Island, and I've seen online that the food in the RGV is amazing.

Hi Guys,The potential deal here, first time dealing with a pre-foreclosure.Preforeclosure seller, auction due in a week, Got authorization signed from the seller, the bank claims the current arrears are about 52k which sounds steep.the owner did not pay the mortgage for 3 years.original loan is 165k, 3.75% fixed 30 years, monthly payments are $760, so adding 3 years of payments together it should add up 27k of arrears, not 52k.I realize there may be some late fees and attorney fees built up in there,who do I reach out to negotiate those arrears down and how what do i say to make that happen?

It's a great proven way to break into REI.Step:1 Build credit and save for a down payment                                                                                Step:2 Get pre approved for a loan (consider FHA)                                                                          Step:3 Find a experienced agent(ask them what experience they have in investments)                Step:4 Learn to analyze deals and use the Bigger Pockets Calc. 

Meanwhile, I would love to build bridges to other careers to transition out of my current W2 (only after I grab my 1st property I've been pre-approved for based on that W2).

I'd start out getting pre-approved and then start looking.

I did not expect a diagnostic fees because contract starts today.They are charging me $250 just for diagnosis:-( citing it's a pre-existing condition.

If you would like information on selecting an investment Realtor, let me know, and I will post it.I would not pre-judge the type of property to buy.

I was originally basing my mortgage pre-approvals on using an FHA loan.

Hmm- Food for thought.

your alternate was how 90% of all turn key was sold in the mid west and upper mid west pre GFC..