Once the application fee is acquired, I can slow things back down and get back to what I was doing.

Not sure if you can without either having access to the MLS or a realtor freind to tell you.You could always ask if it has been listed.

Thank you Jason and Dan.Lets say someone has a specific goal of acquiring $10 million in 12 years.

Where I am owners pool funds to acquire large properties or a mix of properties and usually get a nice rate of return.

The advantage of using a broker is that they have access to all of the major institutions (Which are all shuttered due to the Resi fallout) but also should have a sophicticated Rolodex and contacts with various Hedge Fund Managers; Real Estate Investment Trust Managers and Private company that will only deal with brokers.

You can save time and money accessing the same data if not better than what you are currently using.

I like to have at least three exit strategies for any property I acquire.

I haven't been giving all my money to the bank though; I've been saving it where I can access it, just in case something like job loss reared it's ugly head.

My partner and I were looking at a house where the homeowner had gotten really weird with renovations -- walling off rooms to make two small useless rooms, taking down a wall to make one large useless room, and adding a second story addition that could only be accessed by a tiny spiral stair case.When we said this would be tough to rent out, she said: "Oh don't worry, you can always throw in a bunch of college students."

But, this all goes back to how many properties I would be able to acquire via sub-to.