BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

Investment Info:Single-family residence buy & hold investment.

My friend has 3 rental properties there alone and when I asked him about buying more he said if he did buy it would be there.

Investment Info:Single-family residence buy & hold investment in Stigler.

I intend to buy another multi-family home in 2025, but not sure I would want to move.

And someone jumping into this as a complete newbie can expect that they have a decent chance of making some expensive newbie mistakes.

I've been buying and renting here since 2009, the deals are hard to find these days but definitely out there!

Of course unless your buying defaulted notes at the get go then again as Chris mentioned this type of fee should be handled up front.. and if it new origination your making and then they go bad.. in your foreclosures you can charge the borrower these fee's when they cure or add it to you opening bid and when someone buys it at the court house you get repaid..

Quote from @Eric Gerakos: My wife and I buy many “fractional” notes where we live in California.

We value building deeper relationships with investors with whom we align perfectly rather than having superficial relationships with everyone who wants to buy.