There is a Debt Model which is a security instrument secured by Real Estate nearly identical as Hard Money.  

Ignore the buzzwords and make sure you are aware of and comfortable with the amount of risk you might take on with certain financial instruments. good luck.

just curious to know which tools are mostly wholesalers using to automate their business? 

Many instruments marketed as "debt" are not really debt per se.  

I've started looking for handyman referrals, you make a lot of good points.We currently use Cozy.com for listing, applications, and automated rent collection, and use SmartMove for background checks.

Had you been actively looking when this unit popped up, or did it just pop up in an automated search? 

We faced two issues in escrow: because of the HOA lien foreclosure we had to do some extra searching to find a title insurance company willing to issue a policy; getting a payoff was an issue until someone at escrow obtained the last four digits of the SSN and used the bank's automated system to get a payoff.The second situation was similar but this one we kept as a rental.

Call this EAP (Earnings after Payments)To dig a little deeper, I'll also subtract the cash I tied up ($150K is about $30K + any rehab or closing costs at time of purchase) and apply a "cost of cash" (what is my opportunity cost of that investment in a fairly safe instrument), along with any EAP (can be positive or negative) and an estimate for my annual equity build (by estimating this from an amortization table).To clarify:Annual Benefit = Annual Equity Build + / - EAP - Cost of CashNote:  This is not accurate / scientific / mathematically rigorous, and I'm not recommending it as a way to calculate returns.  

As Tim Watcke pointed out, the deed of trust is the legal instrument that gives you the right to foreclose on the property if necessary.

who has the best automated softwear. joe crump , freedom soft ,or marko  please can anyone recommend an automated softwear