They were bidding amounts like it was nothing.

Are there any specific neighborhoods in those areas that you like?  

Not only do you risk Dodd-Frank attaching, but this could very easily be considered a consumer finance transaction (like a personal loan) - so TILA/RESPA/Reg Z as well as whatever state regulations will attach.

It would be an investment property, depending on the property I would like in it or stay in the investment property I’m currently in. 

If your talking about a multi unit it that you live in one unit then having savings is likely your best bet.

That's right—we haven't seen rates like this in over a YEAR.And here’s more great news for buyers...the market has more properties available than this time last year, leading to a slight drop in median prices.Now is the time to make moves.

Seems like many lenders don't even do them.  

Sounds like a healthy deal.  

Since you have access to a mentor and financing, flipping could be a good option to generate capital quickly, which you could then reinvest in rental properties.Foreclosures: Flipping a foreclosure can be profitable, but it can also come with hidden challenges like repairs that are more expensive than anticipated.

Its like a brutal divorce.