The only difference between your situation and a young friend I know who bought 7 properties in the past two years is 1) MBA 2) His father and mother' s money 3) plan 4) desire to quit working as a bartender.

If they have REOs it could be because the property was not very desirable or because the junior liens made it not a good candidate for the initial foreclosure auction.

hi, i am Midas from northern california. i own a mortgage firm called Midas Financial Group with 50 state lending and 13 state real estate capability. i got into this business by accident due to a near fatal injury and it was the best thing that ever happened to me besides my wife and 5 kids with another on the way. i love this biz and i am now getting into buying large reo portfolios which is a great way to meet some unique people across the globe. i hope to learn alot from you pros on here and if i can i will be glad to throw out any help i can.

If the area was really desireable it will likely sell for more at auction.

check out the threads and the responses to get a little bit of insight, then see figure out which questions would be best for your unique situation.

I realize that every property is unique, but is there a rule of thumb?

I really appreciate your desire to get off of disability.

Well I happen to be in a unique situation actually.

No desire to enter REI full-time, I enjoy what I do and make good money doing it.

Isn't Bend listed by Forbes or someone as THE most desirable places to buy a home?