I always call with updates to my landlord, let him know what's going on.

I am thinking the comp websites might not be updated fast enough and have old information.

When a Realtor is involved, it seems more like a “home owner to home owner sale”, rather than a home owner sale to an “investor”.A Realtors commission is based on the sales price, just like on any other regular sale… And, the lender will pay real estate commissions to sell as that is a “normal” practice.

Or can I finance the loan with a regular mortgage that I get from a lender?

We are constantly updating and changing them to reflect the changing industry.

The main challenge I see is to convince the seller that you are a good, well organized investor, who will take all the burden off of them, giving them regular guaranteed monthly payments, while they continue to receive all the tax benefits of ownership, during the term.

Mikeit is an option thats still on the table. i am not sure how people are in this market about lease options and contracts like that..plus alot of my contacts would be through MLS b/c i have no foundation, help, or contacts of my own so i would also be dealing with "regular" agents who don't quite understand the process and won't be able to give the seller an accurate idea of what the heck is going on. i need to first find out how to have no budget but still find sellers in preforeclosure. i need to find the business/legal papers and subscribe to that although i am sure the other investors have that lead as well. another idea that i saw through Armando Montelongo's book was to contact divorce and insurance lawyers to tell them I am interested in buying their clients homes.

They're auctioning off the properties and getting 90-95% value pretty regularly, surprisingly enough.

Take on properties that need only cosmetic work/updates like PNW said, and underprice for a small profit.Also consider rentals.

Start slowly while holding down a regular job and when your passive income is great enough or your portfolio is large enough go into real estate full time.