When a property needs a lot of repairs, most people don't want to become involved with it.Are you in an area that is a "sellers market?"

Are you involved in any other aspect of REI these days?

There are loan programs which offer alternate and reduced income documentation.

My question should have read...has anyone seen or heard of bid rigging involving an auctioneer and a bidder?

It's always good to see young people getting involved.

I have been involved with my agricultural export and domestic supply business in recent years that only until now I can learn about the real estate business, which has always been an aspiration to me since college.Truly hope to be able to learn from each and everyone in this community, I have been reading many posts here on daily basis and it has really helped me get a better understanding regarding real estate investing and how to begin.

Any profession in the financial arena, real estate, insurance, banking or investments on the retail side (involving the public) will be based on trust.

Plans, permits, fees involved, etc.?

Having one with little experience could mean screw ups and you'll be paying to fix their mistakes as they will never admit them and won't work again for nothing, least I never saw one do that.The best thing to do is approach an attorney or any professional with the costs involved in the scope of work of what must be done instead of asking how much per hour, but you need to know that too.

Even though I have a good property manager I trust, I am pretty involved in looking after necessary details.Anyway, given that I now have a fair amount of real estate locally (including my townhouse) and the market is even tougher here now, I want to branch out and diversify some going forward.