As an example, if your offer is accepted at 11am Tuesday morning (which is a typical time to get the email), the contract and EMD will need to be in HUD's hands by 5pm on Thursday (two days later by close of business time).If the HUD office is local, you can drop the stuff off in person at 4:59pm if you want.

But with REOs, you'll often be asked directly if the purchase is "financed" or "cash", either upfront when you submit the bid (for example, the FNMA online system asks this) or when you complete the REO addendum when you get the property under contract.I've had banks tell me that they'd kill the deal if I checked "cash" on the addendum and then tried to finance the deal, despite the fact that I included a stipulation in the contract that said I might finance (the addendum overrides the state contract).Just something to keep in mind.

That's like the local grocery store advertising "Buy more and save more"...But I would pay the bank $1000 in interest if the $31,000 borrowed money (or here not yet paid back money at 3.2%) can be invested in RE, for example, that gives me more than $1000 in NOI for the same time period.

My example deal, house worth 180k, got in at 95k, wholesale 110k, need 20k rehab.

I simply thought that example proved my point and then some.

I just followed Johns example... http://www.biggerpockets.com/forums/25/topics/68721-pictures

So, for example, instead of sending to all absentees, you're sending to absentees who have at least 40% equity in the house, plus at least 3 beds, single family, etc, etc, etc.

For example, I could set up networks and RE connections at every base I get assigned to.

Here are some topics just for example...1) Invest in areas like CA or FL with high property values.

Mitch - We do not, but you're welcome to create a FAQ, and we'll gladly post it as a sticky.Here's a great example of one:http://www.biggerpockets.com/forums/12/topics/77458-j-scotts-faqThanks!