Pitfalls of investing in notes from a distance

[Mark Baldwin]

While I've been intrigued by the ability to invest in notes from anywhere, it is what concerns me the most about making the leap into it. The transactional aspect is appealing, as well as the ability to accrue cashflow, which is my goal.  However, I've heard and read about how sometimes you just have to show up at whatever location the note is located to do whatever it is nobody else is willing/able to do.  Is this a reality I have to accept?  If I invest in notes, I will occasionally have to buy a $1000+ plane ticket to "get it done"?  Perhaps that's what I have to accept.  Upon jumping in, will I discover ways to mitigate the need to be my own boots on the ground?  Thank you for whatever thoughts anyone can offer. 

[Bob Malecki]

I've never visited any of the properties in my note portfolio. There is a plethora of vendors available who handle title, site visits, loss mitigation, legal/foreclosure, property preservation and property sales -- all can be directed via phone/email.  Some folks like Robby Woods from NoteMBA seem to like to travel to meet borrowers, but personally I'd rather have my vendors do the borrower contact so I can focus on building the portfolio. 

Bob