Hi everyone,Perhaps a subject beaten to death, but I have a personalized question about how to decide toward what niche I should put my efforts ... in the beginning.I want to buy-and-hold. 

"Borrowers who purchased the subject property within the past six months (measured from the date on which the property was purchased to the disbursement date of the new mortgage loan) are eligible for a cash-out refinance if all of the following requirements are met."

I found a private investing group, haven't called them cause I want to sound somewhat educated on this subject when I do.

Underwriting is mainly based on the subject property, but lenders will also evaluate your personal financial situation too.

I will definitely be jumping and offering advice whenever I feel as though I have enough experience in the subject matter to offer my 2 cents.

Just like what I have in the subject line, I currently have an offer through a realtor for a property in short sale.

Being a newbie, I have spent a lot of time in the last couple of months or so digging into a educational of materials on this subject.

Even if the property has a Subject To Value of $155k, it is going to need some serous repairs.  

If there aren't enough sales then you can see if there are any listings and discount those listing prices 10% to 15% to get a rough value.Obviously, improved property with utilities in place has more value but how much is subject to many factors.

This article outlines a lot of what the young generation feels about the big MSAs.Upstate New York will be a popular option as people start telecommuting more towards the city.