You can expect to put between 10-25% down, but generally 20% of the appraised value is what to expect.

Then, I set my expectations pretty low for what it means to "take care of it."

You can't expect to unload a property in any buyers market very quickly because it is a buyer's market, not a sellers.

THIS year as the year goes on, and next year, I expect it to dwindle to the 8-12% range.

Would you expect to pay a higher interest rate ?

When I finally get my license and find a broker to hire me what can I expect to earn in my first year on average?

Again, once we come up on his radar, I'm fully expecting a negative report because we advocate highly leveraging long term holds and think Neg Am loans (if we're still able to get them) are a good tool for someone who knows how to use them.

Just fyi for anyone expecting feedback from the OP...this thread is from 2006...

In short, I am expecting my lawyer to call anyday now with a settlement from a False Imprisonment and Arrest I suffered one month while delivering a pizza back in 2003 in Chicago.

I agree with NavyDoc, you're on the right track andyour education is just beginning.Please know that those who bid at the auction -- andwin -- are expected to pay the full amount in cashwithin about 3 hours of the auction.