Please know that it's not really meant for your company expenses, such as paying BiggerPockets, seminar fees, software subscriptions, etc.  

What would I need to do to structure the note in order to have a note buyer come in and buy the note or buy a partial enough to pay off the 215k at closing and still have some difference coming to me or the note revert back to me after the partial was paid for. 

It’s usually best to open a separate business checking account so your rental income and expenses stay organized and away from personal funds.

My example shows the mortgage getting paid. 

Make sure you get paid something. 

Worst case you have zero money and you pay interest for one month on $330 for an “expensive” repair. 

It looks like water is not being paid and I can only see a small fee every month (that is over due) meaning the meter is likely disconnected.

I would push for very low or no money down but having a Realtor that needs to have their fee paid it may still not work.Look up the owner if possible through truepeoplesearch.com and call them up directly.

An update one year later after this post, I now have:- Got my property and casualty license and wrote 370+ policies in a year- Saved up a few more thousand dollars in investable cash, paid off $20K in debt and raised my credit score by 100 points- Launched a direct to seller cold email marketing campaign and generated leads for cheap- Got connected with a few real estate investing communities like Subtle Asian Real Estate and Pace Morby's SubTo- Aggressively read and studied as much as I can get my hands onThat being said, I decided to run a marketing campaign to generate distressed seller leads in Phoenix, Arizona, mostly because:1.

Purchase price: $70,000 This was a 3 bed 1 bath that I paid for.