You have the Financial Accounting and Standards Board and the International Accounting Standards Board changing the requirements to recognize income which will effect how real estate transactions (including options) will be accounted for, public comment ended last April.

I want to get a better understanding of how I can spot/recognize trends and/or developing trends.Also, does anyone know an efficient way to get foreclosure rate numbers on a mpnthly basis specific to my state, or better yet my city.Shortsale.

People recognize that selling real estate is a 1099 job just like most other sales jobs.

Series LLC's are not currently recognized in all states, so you need to make sure the properties you own or invest in are in the states that do currently allow the series LLC format.Consult with a RE Attorney as I am not one.

A series LLC is hard drive with multiple drive letter partitions in which to store data.Here is more info...http://en.wikipedia.org/wiki/Series_LLCThe downside is that a series LLC is very new and a lot of states don't recognize it as a business entity, yet.

I always name my companies a very generic name because I'm not trying to build a brand that people recognize.

I ask seriously because I agree that us new guys need to walk properties, see what the market looks like and learn to recognize a deal when we see it but how does a guy with a full time (50 hour a week) job, an 18 month old baby and all the other stuff find time to walk 100 properties?

They can be recognized by using "Cash-on-cash" returns as their primary financial metric and they hope to sell to somebody also willing to overpay down the road.

I feel like i have all the tools to find these properties but i cant recognize a good deal if i saw one.

Some great CRM's that are recognized in the industry are Top Producer, Rethink, Contactually, Property Base.