The best deals I've seen are HUD and Homepath but keep your eye on the online auction sites too.

Its very short and too the point.

@Troy Feldmanyes this is possible to invest in real estate using Roth IRA (or Traditional for that matter too).

@Christopher Winkler  this is even worse... he sold subject too the first is what I am reading.so if the second is underwater that's lost.. but he has to protect his credit I would think and needs to foreclose to get title back then sell and settle the first.. 2nd is lost at this point Is my guess.and another reason I HATE sub too...

You have become part of a wonderful team that is fueled with an abundance of knowledge, and a bit of humor too. 

You can have a day job and operate rentals part time, too.

I'm probably going to write a blog on the BP blogs in the next couple weeks about the same topic, if you want to check in over there too. 

Obviously, it's hard for me not to approach this situation optimistically with the "there will be no hard feelings" attitude, but as you and Amy alluded too, things can get a little sticky within the family.

If you, instead, do what most investors do and deploy the cash the fempto-second you get it because it "is not working" or is "idle" and you'd lose money in real terms through inflation erosion you'd lose the ability to defer profits and they'd be taxed at the higher rate.   

Scott.Follow webinars on this site, and just read any forum or blog post that you can relate too.