I have not yet bought a note as they have been slow to roll in (I am particular about performing first position) and there was a hiccup initially with my setup but i have seen a few come across in the past month.

@Evan Polaski I really appreciate you speaking to risk alongside the pros and cons of cash vs financed. 

Went well, there were a couple hiccups but they worked hard to overcome them and it turned out alright. 

For those still wondering why mortgage rates haven't fallen alongside the Fed’s recent rate cuts, check out this WSJ article: If the Fed Is Cutting Rates, Why Aren’t Mortgage Rates Falling?

If I wanted to be more involved I may have considered starting a real estate biz like wholesaling, flipping, property management, etc.So, I would first determine how much time you want to 'invest' along side that $200k. 

In fact all of our purchases have been 1st, and we are just now working on obtaining a pool of 2nds to work along side the 1sts and the seller financing that we have done.We went with assets we had connections with either via geography, or where we had 'boots on the ground' or team members to give us those insights into taxes, title and blight (the big three issues in notes).

Perhaps not the place to live alongside your tenants either…

I'm all ears and eager to learn as much as I can.Excited to start this journey and learn alongside this vibrant community!

By leveraging our financial resources alongside Ron's contributions, we were able to secure the property quickly and allocate funds efficiently for the $25,000 renovation.

BP, I own a 33.33% membership interest in an LLC that holds a two-family property, alongside two partners with equal stakes.