Are you planning on a complete renovation once you acquire it?

Like many colleagues of mine, we realize the value of having business interests outside of Entertainment, and real estate investment feels like an excellent option for me.I would like to get started in investing by acquiring REO properties with hard money.

Am I really to expect that each property I acquire to flip from direct mail will cost me about $4k-$8k to acquire? 

I am looking for some help or advice with a few specific things, and this is probably the best place on the planet to ask, so here goes...I am looking to acquire rental units, but I have some road blocks that I'm having trouble navigating around.

Fortunately we're busy wholesaling, acquiring another buy and hold and planning for our next rehab project (Union, NJ here we come - and wait til you see the pics of this one - It's a DOOZY!)

Invest:to put (money) to use, by purchase or expenditure, in something offering potential profitable returns, as interest,income, or appreciation in value.Believe me, I do recognize the desire to acquire things that I am passionate about.

When you hear the term "cash buyer," does that mean that the person has mountains of cash lying around specifically used to acquire property?

@Gilbert Ross Jr - Well, I would assume that any property you purchase tax liens on in the hopes of acquiring the property, are going to be costly in regards to the property value (assuming that we're talking about property that has a single family home built on it).  

In other words, use say $ 60 000 to acquire 2 properties worth $ 100 000 each - put $ 50 000 aside to cover unexpected expenses?

For me personally I plan on acquiring 10 houses as quickly as possible.