Your area is a top emerging market.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Of course that is if it fits with your long term strategy.Having multiple exit strategies is always a good thing.

I'm also looking for properties in Atlanta and Georgia (Atlanta) seems to be extremely competitive on properties fitting your criteria.

You need to take time to do the walk through, explain your procedures, where the utility shut offs are, etc.

Buying commercial RE has been going on for a long time and most state RE associations have standard contracts that can be tweaked to fit unless you are trying something creative.

Consider Lowell as an opportunity.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

She told me she had planned to walk away from the house, because they had already purchased another.

Up until that point, then lender simply has a lien on the property - and the borrower may do whatever he deems fit with the property.Once the gavel goes down - assuming 91 days + 6 months in our example, then the Bank gets what is called a Trustee's Deed or Master Commissioner's Deed - which wipes out all debt - 2nds, 3rds, etc.At that point, you are dealing with an REO (Real Estate Owned) or sometimes called OREO (Other Real Estate Owned) - and when you call the bank, you want the Special Assets Dept. - not Loss Mitigation.

I am looking for a virtual realty group in Washington State (I live in Seattle) to hang my license with that doesn't have any outrageous flat fees.I came across Summit Realty Group http://summitrealtygrp.com/They look like the perfect fit for me but as I do my research I have come across folks accusing the firm of withholding commissions and performing other scandalous activities.

The attorney will have a questionnaire to walk through issues.