I spent the last 3 plus years following Dave Ramsey's plan to get rid of over $100k in student loans, cars and other consumer debt. 

Many "new investors" will consume enormous amounts of an agent's time and then either not be able to buy, or will buy through another agent.That means you'll want to get pre-approved for whatever kind of loan you'll use - and it needs to be a solid pre-approval. 

It will not be hard but time consuming because remember they have relationships with ABNB and HomeAway to find the homes that have been renting for the last 5 years.If you have this information then why did you not send letters in the past asking these home owners to come by to learn how to pay their taxes and pay.I have read that of the 2000 vacation advertised homes only 15% have been paying the City and County tax.

It is going to make the process a lot easier and less time-consuming for you. 

I am currently working through through getting enrolled in their partnership program where I can sell new or used mobiles to the end consumer on my vacant lots and 21st century provides the loan. 

The Fed's argument is that we have had a strong consumer powering our economy.

This process consumed a lot of time but I always felt it was worth the investment to avoid a problem tenant.2.

You also could be required to qualify them through CFPB and consumer finance laws and that could come into question.I invest in mortgage notes so when we own the loan yes we can work with borrowers who are delinquent, but if we do not own the loan not much we can do.In some states it’s predatory to even contact a borrower in distress.If you want to help them tel them to see a BK attorney.Sometimes people may want to consider providing some advice without always having their hand out as well.

And if anyone thinks this business is  way too time consuming, they may want to re think that. 

Cons: Its time consuming. 2.