These are not assets for a street level investor nor would any street level investor qualify for the management requirements let along the capital requirements with some of the smallest pools being north of $30 Million.In certain HUD sales, like those pools with NSO loans (Neighborhood Stabilization Outcome) management/administration has a duty to treat loans in the prescribed manner and must maintain reporting post sale for a year or two.  

@Roy Callan - Congrats and good luck with your FSBO find, but, I totally agree with @Larry F. that you should give your earnest money deposit to a neutral 3rd party for safekeeping.Please keep us posted on the outcome.

It would be beneficial to do anything you can to come up with some money from friends or family or at least put it in their head so when you do find something you have someone that may help you out. 

Learning and understanding your market will prove to be the most beneficial service you can provide to your client. 

Same is true of each investing strategy...each scenario depends heavily on your strategy and your intended outcome. 

Maybe a good personal relationship will lead to a better outcome for everyone in the end.

Charles for a period of timeI'm looking forward to meeting those involved in this market and hopefully establishing mutually beneficial relationships! 

Considering my young age of 19, I sense the only way to earn respect and establish mutually beneficial connections is through knowledge and experience.

I have been selling real estate for a while now and have a financial background, so i can research the property and make sure that any investment you do will be beneficial for you financially in the long run...Please feel free to call me if you have any questions.

Having an LLC might be beneficial in many ways, but really depends on your goals and how long you plan to continue investing.