Funding will likely be disbursed in phases if there is much money involved,if a small amount they may just disburse it.

Does the property sit on valuable land where you could sell off for a higher and best use or maybe demo the property and do a ground lease to a corporate tenant??

You can see that while there is fraud, you will need boots on the ground to identify these issues before you buy the note.

I'm taking in as much info as possible as I hit the ground running.

they also run and partner up with a local realtor.I've spent a lot of time doing due diligence on them i'm sure i've paid more what a local investor would in rehabs + purchase price but i plan to work with a few vendors long term put up the capital and have relatively hassle free rental properties as i'm located offshore.i'm flying to atlanta personally in 2 weeks to meet some people on the ground i'm also going to meet a few rental managers as a backup in case the guys i'm dealing with pack up shop and go home.any recommendations on property managers?

In between that $25K special allowance phases out $1 for every $2 of AGI over $100K.Since you cannot take a passive loss, you would carry that forward from year to year.

Ready the UBG went through the Podcasts and am now chewing up some of the recommend reading from the podcasts.Looking to wrap up my information gathering phase in the next 4 to 8 months and then make the jump in to buying multifamily homes in the beginning of 2014.

I would be interested in how this compares with people on the ground and bidding on REOs.

You are an inspiration to other new members of how it can be done by anyone even someone starting from ground zero.

I've enjoyed and learned a lot from the content here and my plan is to find some more specific information about real estate investing in Houston and communicate with people in that area so that I am able to hit the ground running when I get home.