If it is an active foreclosure it could be that there is equity in the property and the seller is willing to carry back a second....If the list of "foreclosures" is actually a list of "REO's" then the lender/owner could be offering financing terms.

The sales activity has slowed but not all that much compared to last year.

You earned nothing and have nothing to deduct.You might have had expenses (driving around, fees already paid and not recoverable) that can be deducted.The simple version of the rule is money actually spent on business activities might be something you can deduct.

Take active investors to lunch and pick their brain.Once you do this enough you will have a sense of direction.

We have a guest house on the property that we rent out to our gardener.

Hill said McLeod told investigators that he "started out honestly but along the way began skimming the equity" from refinanced homes.McLeod, 31, of Gaithersburg, pleaded guilty to felony theft, embezzlement and prohibited activities while acting as a foreclosure consultant.

I have about $300k in equity in my own home and I rent out my 722 square foot, single room guest house on a month-to-month lease at $890 per month.

Also, I am looking more for active real estate investors in these areas.

These neighborhoods are typically more active for wholesaling/rehabbing than the upper middle class suberbia.

Good luck and look forward to having you as an active member of BP.