With the tougher lending guidelines and downpayment requirements you could sell your home several times, but never close due to unqualified buyers.It is temping to try to go it alone because you want to try to save the money, but in this market you will probably find you didn't save anything and may eventually will list it with an agent or rent it out if it has sold from your efforts.

I've done it several times.

If you had planned on using them you should check with your broker, if using one.There are several other lenders that allow more than 4 financed properties.

We have a page on this site you can search for REI clubs in your area:http://www.biggerpockets.com/real-estate-investment-clubs.htmlIt's located on the list on the left side of the page as well, as are several other resources for your use.

You can find REI clubs at:http://www.biggerpockets.com/real-estate-investment-clubs.htmlIf I were you, I think I would do as you are doing, and spend several months reading the posts here, and some good books, adding to your education.

If you have enough properties (or a large enough single property) to make good use of employees, I feel it is the smartest way to operate...as long as you A) LIMIT the types of work (to minimize injury risk...a worker's comp experience mod increase can put you out of business); B) pay what is necessary to attract a WELL qualified employee (NOT your typical "handyman"); C) are an efficient project manager, or are willing to delegate that task to the employee...and generally support his decisions/timelines.If you try to micromanage...you will have turnover, which will be more costly than hiring a contractor.

I have Several Question for you.Will you be purchasing these SS for yourSelf?

My thought would be that if the house is an REO then I am sure that there have been several people looking at putting an offer in already.

AC, 10 properties is a good number of properties to already have rehabbed.....this is a great market to pick up properties extremely cheap and to hold onto them for the next several years.

Just put several spaces?