Actually interesting rate is following 10 year T-bill so the interest changes can be more frequent.

Let's also say for instance her delinquent thug of a grandson comes over and visits frequently, with a group of his "friends" and eventually threatens the life of one of your other tenants, leading to many phone calls, police visits and filing reports, etc.

I had previously thought of purchasing in another state like North Carolina or Ohio, but this a better idea due to being close enough where I can visit frequently, and it's a place I can live in myself one day.My question is, what are some things to consider before I look to buy a home in another city?

I have been looking into investing in notes but I am a little hesitant because What is the pay structure (How much I need to pay them and how frequent) and the services that Loan Servicing companies offer Is there a certain amount of minimum loans that they will serviceIn the case of a delinquency how would I go about the foreclosure processIf you can provide any feedback on these questions of mine or provide targeted links for me to do some more personal research whether it be on BP or an external source.Thanks in advance :)

Most everyone that I grew up with never made it out and are either dead or frequent guests of the county or state, so I'm hoping that you can share your story and help other young men and women realize that their future is in their hands and has absolutely nothing to do with what they have or haven't done in their past.Good luck and I wish you continued success!

How often do they move, or move jobs-- if it's frequent they're likely hard to work/live with.   

I would recommend my main PM because he checks a few key boxes: 1) no time commitment (i.e. he doesn't try to lock you in for a year), 2) uses PM software so you have some visibility into what's going on, and 3) has had strong and frequent communication.

When a tenant is in arrears, they should be checking more frequently ... and they should have never allowed them to get "several months" behind.IMHO, the PM company should be embarrassed about dropping the ball and offer to shoulder some of the pain (if they have in-house trades/staff, they could provide the labour at very little cost to themselves).  

We inherit portfolios frequently that have situations similar in that the tenants do not have leases and they also may not want to pay rent. 

Frequently, we come across similar cases where there is a huge difference between seller expectations and reality.