Bad credit report.If a report shows they are not current with any bill, have been turned over to a collection agency, have been sued for a debt, or have a judgment for a debt, that is grounds to reject.

Would you personally begin investing if you had student loan debt or try to pay off as much as possible first?

When you buy these notes at a huge discount, you can offer the borrower a deal to pay on the debt or a lump sum payoff. 

There are fund type opportunities but there are also specific RE investment, in specific properties- debt or equity.

I hope this helps.86.752 Foreclosure by advertisement and sale.A trustee may not foreclose a trust deed by advertisement and sale in the manner provided in ORS 86.740 to 86.755 unless:(1) The trust deed, any assignments of the trust deed by the trustee or the beneficiary and any appointment of a successor trustee are recorded in the mortgage records in the counties in which the property described in the deed is situated;(2) There is a default by the grantor or other person that owes an obligation, the performance of which is secured by the trust deed, or by the grantor's or other person's successors in interest with respect to a provision in the deed that authorizes sale in the event of default of the provision;(3) The trustee or beneficiary has filed for record in the county clerk's office in each county where the trust property, or some part of the trust property, is situated, a notice of default containing the information required by ORS 86.745 and containing the trustee's or beneficiary's election to sell the property to satisfy the obligation;(4) The beneficiary has filed for recording in the official records of the county or counties in which the property that is subject to the residential trust deed is located:(a) A certificate of compliance that a service provider issued to the beneficiary under section 5, chapter 304, Oregon Laws 2013 (Enrolled Senate Bill 558), that is valid and unexpired at the time the notice of default is recorded; or(b) A copy of the affidavit with which the beneficiary claimed, under section 2 (1)(b), chapter 304, Oregon Laws 2013 (Enrolled Senate Bill 558), an exemption that has not expired;(5) The beneficiary has complied with the provisions of ORS 86.748;(6) The grantor has not complied with the terms of any foreclosure avoidance measure upon which the beneficiary and the grantor have agreed; and(7) An action has not been commenced to recover the debt or any part of the debt then remaining secured by the trust deed, or, if an action has been commenced, the action has been dismissed, except that:(a) Subject to ORS 86.010 and the procedural requirements of ORCP 79 and 80, an action may be commenced to appoint a receiver or to obtain a temporary restraining order during foreclosure of a trust deed by advertisement and sale, except that a receiver may not be appointed with respect to a single-family residence that the grantor, the grantor's spouse or the grantor's minor or dependent child occupies as a principal residence.

* You and the lender have a true debtor-creditor relationship.My personal guidelines for refinance money is can I prove to the IRS the monies obtained were used for investment property related expenses.

Examples include cash, investments, accounts receivable, inventory, supplies, land, buildings, equipment, and vehicles.Liability: financial debt or obligations that arise during the course of its business operations.

Use moderate debt or even no debt so that if the market goes against your friend for a few years, you arent putting the whole inheritance at risk.  5)diversify into other assets, ie buy some stocks, some real estate and some bonds.  6) do a personal budget, everyone can overspend, the world is littered with pro athletes, entertainers and the like going bankrupt because they couldnt live within their means, especially with new found wealth.  

However, the sales history is what confuses me a little, because the title is in the hands of a trustee, and I'm not sure if the home was being sold by the trustee to repay a debt, or if the out of state owner is trying to rent it out for financial relief.

In June 2017 Nicolas filed Chapter 13 bankruptcy and only named a portion of the now 9 investors we know of as Unsecured Debtors.