Once the plan is in place, which admittedly might take some time, they will pull your money (usually plus a bit more the eat away at the past-due amount) from the debtor's paycheck and the court will send the money to you.

The debtor will make $200 monthly payments until paid off.1/3 of the $200 goes to the agency, and 2/3 goes to my account and within this 10% of 2/3 goes to PM as service fee.

"average cash-flow of 10%" after debt or before?

Hi guys, I am self employed with no proof of W2s, i make a living buying cars at dealer auctions and leaving them on a local used car lot on consignment, I have $30k liquid and around $90k tied up in my current vehicles, usually my  vehicle inventory is sub 11, I want to get into the real estate game but in my situation im guessing its hard to get a good deal in getting a loan, I am single, no debt or responsibilities , ideally i would like to start with a single family home but in the current market so high i would even consider condos/town homes.

The debtor misses two payments.  3 investors want to foreclose, 2 want to wait another 2 months, and 2 want to provide a 2nd lien to make the payments on the 1st.

The same if you are open to being an LP on a RE deal, or buying debt, or a laundromat, small business, etc.

A mortgage is, “a legal agreement by which a bank lends money in exchange for taking title of the debtor’s property.

The debtor will make $200 monthly payments until paid off. 1/3 of the $200 goes to the agency, and 2/3 goes to my account and within this 10% of 2/3 goes to PM as service fee.

Now there is a hybrid you do the rentals but your also flipping homes  building homes Trading paper and or making commission as an agent or wholesaling type activities this gets you self employed and you can bring in the cash flow you need to live so all your rental income just pays down debt or you use to buy more doors.. 

The bankruptcy courts decides what you sell and what you pay to repay your debtors.