Well, I got my website set-up. My business cards printed. I attended my local real estate association meeting. I even got an lawyer, and a real estate agent on board. My agent found a nice little forclosure, just about ready to go to auction, in two weeks. However, it's for sale now. I could have picked it up for at least 30-40% under the fair market value. The one thing that I couldn't locate was an additional cash buyer. I had someone that I thought was serious, but she pulled out of the deal. I couldn't arrange funding in time to pick it up.
Whew! This is definitely harder than I imagined it would be. I can see that locating the properties is not that hard in this market. I can now see what Dean was preaching. I've gotta fill that "Buyer's bucket."
My ego is a little deflated, but I still believe this is the way to go. It will just take a little more effort and time to get were I'm going.