I am always open to talking to a realtor because you never know what they are going to bring you.

I am in California and I usually ask the investor to apply a 10% of the equity itself and we see deals that bring in $15,000-$25,000.

I just joined and I'm beginning to learn alot through their home study courses and their "colleges"- week long events where they bring in experienced investors to train others..

Link to HUD: http://www.hud.gov/offices/hsg/sfh/ins/251--df.cfmOkay before I start the break down for you let me bring something to your attention, there are non-profit orginizations that offer down payment assistance for first time homebuyers and repeat buyers as well (the only one I know for sure that offers the repeat Nehemiah Foundation).1.

This DID require the owner to bring the units up to an acceptable quality level in order to attract the best of the tenant pool.It has been my experience, that people are people, no matter the locale.

I deal with about five national realty companies who bring me many properties to review throughout the nation.

see if you can make an agreement with current owner to bring the mtg up to current as well as buying him out latter to save his credit it sounds like a good investment theres plenty of equity he should just refi it insted of haveing it forclosed on !

Priced to sell, I should be able to get $130K, so basically, I'm looking at bringing $10K-$20K to the table.

Something people don't bring up alot, good stuff!

Finding an agent would be your best bet coupled with a short sale team that would bring the experience you need to close your deal.Regards,