Been soaking up a lot of knowledge over the last 6+ months and I feel ready to get my feet wet with investing.I have been in contact with a few REO realtors in my area but nothing so far in the area where I want to invest.

So many apps that I had no knowledge about...

Have you factored in your carrying costs while the massive rehab is under repair?

Thanks for the info everyone, we'll definately be spending the next few months reading and obtaining as much knowledge as possible before buying our first property.

I just wanted to get more opinions from people knowledgeable about things.

We try to stay away from discussing the note business because we have no experience in it and don't have the knowledge of that aspect to talk with any legitimacy.

Armed with that knowledge, you could make a better informed decision.

If PM's truly took the "heat" off the owners, then you'd see THAT heralded as Reason #1 for using a PM.As far as Elio's original post regarding S-Corp and personal loans, I hold no opinion and will defer to others more knowledgable in that regard as the topic is quite outside the realm of my own experience.We now return you to our regularly scheduled programming.

Invest a little yourself up front in your profile, present yourself as a real serious person who cares enough to get and offer real advice, and really contribute to the goal of collectively enhancing the memberships wealth base through your knowledge and activity.

My feet on the street B of A loan guys are all starting to worry about 2012... does this just mean that they are going to do massive layoffs or is there a possibility that B of A could completely shut down it's mortgage lending unit?