If someone approached me with that pitch, I'd go find another agent really quickly and then report the guy.This has sparked my interest so I made some calls to the NYC Board of Realtors, NY State Board of Realtors, and National Association of Realtors, and the NYC Department of Consumer Affairs.

After you find the niche that you want to do, then you need to have all the people that you mentioned to help you get thru each step as QUICK as possible....with QUICK being the key word...because the quickness is what helps the motivated seller take care of his problem.

The bank is working with the current occupants to get the keys which he said should be done in the next couple days.

So here's the key...You absolutely must change your commute time to and from work into study time.

COSTS: MLS, Realtor Association, Key, License, Ongoing education, business cards, advertising.

This board will give you a wealth of information.

I get calls where many of the people think I might owner-occupy the house, and while I am up front that I will not do that on the phone, the key with YLs is to get the phone ringing and see if you can work out a good deal for both parties.In general though I think if someone is really motivated they will call with any letter.

The key words here are Credit Union.

My target market is single family homes in desirable subdivisions so adding things such coin laundry, bill boards, etc. would be off the table.

Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.