What's great is when you get someone good on government assistance where the checks roll in regularly.However, you may be limited in your exit strategies to selling to other investors who will want a steep discount, or selling as a lease-option, which has its own pitfalls.I view it as investing in high-return CDs -- if I can sell it for what I put in it then I'm happy with my rate of return for the holding period.

since my options here are grossly limited, i've been looking abroad to find a market to begin investing in.

You need an education in executory contracts.In NM you can lease, and buy on sub2 or a wrap or seller financing.Get a team together that knows what to do.The contracts I use in a sub2 areThe Purchase And Sale AgreementSeller's Due-On-Sale AcknowledgementThe Quit Claim Deed To TrusteeGet An Authorization To Release Mortgage InformationGet A Limited Power Of AttorneyUpdating The Insurance CoverageControlling The Escrow AccountIf The Mortgage Company Calls The Loan Due What to DoAddendum To Purchase And Sale Agreement Quit Claim Deed To TrusteeAuthorization To Release Mortgage InformationLimited Power Of Attorney Regarding Real EstateInsurance Letter (Adding Additionally Insured)Escrow LetterLetter To Mortgage Company Good luck!

Is Litton one of the servicing companies that keeps the negotiators off limits, or do I just have to try to entice her to call me via fax or e-mail?

Unless you elect to take a Schedule A deduction for property taxes and investment interest, there is nothing to report for 2008 and Schedule E is not applicable until the property becomes a rental.

When I say cash, or lines of credit, I base that on many of the properties in the Midwest being below much of the loan limits out there.

Newbies now are able to create a good looking website, flexible enough to have content presented in a number of different ways, without having to go through a time-consuming learning process (you know how difficult and challenging HTML can be).In fact the default installation of XSitePro itself is packed with hundreds of good looking website templates to get you started.The templating system in XSitePro allows you to build websites with either a left side bar column, a right side bar column, both side bar columns and no side bars at all.This may be a limiting feature to a number of new web designers.

What I mentioned was a database of the "financial" newspaper for the county.When things are required to be published, as you spoke of, they have an option of which newspaper(s) to use.A database of the newspaper that the selling entity uses to advertise their tax sales in would be useful to those of us looking for any sales list.It would also limit our having to search through all the thousands of legal ads in every newspaper in the county/state.It would also be very interesting to find out how many of those newspapers are online.

We were paying $500 per application and 2.0% of total amount.

Not just taxes and insurance, but property management (if you do it yourself, you still need to be paid so include the expense), utilities, vacancy allowance, capital reserves, administration expense, advertising, paroll (if applicable), etc.Also, the 100 year flood plain concerns me.