Before we has an accountant start handling things for us we heavily relied on Quickbooks it just is an amazing program! 

If things go well I may be able to help you locate some heavily discounted properties in the area in the near future.

It is going to depend heavily on your local market, and on the time of year. 

We decided to schedule a meeting for this weekend for us all to discuss ideas and make a plan.While I am interested in flipping, I don't think I will be able to be heavily involved in the process.

Then we had a completely unrelated pressure breakdown in the main supply & we discovered the large 1960's era shut off valve on the city side of the water meter was also heavily corroded inside.

This could take a very long time as mentioned.Since the property is underwater the trustee will not have nay interest in holding up a sale since there will be no excess funds to help pay off creditors in the plan.If the property had some equity to neutral they might try to squeeze a little out and wait for the highest offer.If the tenants have vacated as mentioned then the property might become heavily vandalized just sitting there.The bank is at the mercy of the court and how fast they move.Usually the file is transferred from the loss mitigation to the BK department with the loan asset manager.The owner could still try for a loan mod or other workout while in BK with their permission.The bank gets them to sign in writing if they want to pursue this route so the bank will not be accused of collection activity while in the BK automatic protection stay.I think you watch this property but do not let it take up a huge part of your time.

That heavily textured paint in the one bathroom(?)

Our property management in a heavily invested military area is really poor around here, I got some great ideas and some from BP to change that.

The problem is that it's easier said than done, social influences weigh heavily and people are always trying to flaunt and out-do their neighbors and friends.I think work ethic and passion is by far the most important factor that differentiates the wealthy from the others. you don't really ahve to be that "smart" IMO.I think the recipe for success and wealth is this: If you are passionate and determined and thus work hard towards your goals, and are financially responsible (spending less than you earn) wealth can be achieved by almost anyone.the two opposite ends of the spectrum are the individual who labors at a meanial job just enough to pay his rent, cable bill, and a case of beer and box of cigarettes so he can sit around his house watching tv.

Because real estate brokering is a heavily regulated occupation, various techniques are used to avoid actually doing a brokering transaction and falling under the regulations.