I agree, any descent stock position can be sold in seconds; can you say the same for real estate?

No matter your position on gold there is no arguing its price is high in recent history.

They won't have the same appreciation as single families but it is far easier to generate positive cash flow while still paying a mortgage.

He (or she) would be in the best position to advise you since an S-election is based on tax, and not legal, issues.

As someone who just completed your first deal, you're in a great position to share the details while they are fresh.

At that point, I think I will move to California and pay you to be my mentor.I think I understand your investment strategy of purchasing a cash flow positive property with possibility of HUGE appreciation upside.

How long did it take to get a positive response from the bank?

Just a quick point... the 50% NOI calculation includes vacancy.Numbers seem solid and I agree with your cap expenditures though based on what I have read you would probably want to create an escrow/savings account as those expenses will come and that would put you in great position to deal with them.Not sure what the whole side deal is with your brother but the numbers seem to add up.

If 45 days are too long, any suggestions I could give to the loan officer that would put me in a better position with the REO offer?

This would apply to Rob's position as an agent.