If it's a fixer upper you would account for the rehab and purchase price then compare against the ARV.

It's also important to know when you face the risk of a lawsuit.

.:  Are you talking about creating a first 50% of the note and a second for 50% of the Note and sell the first one? 

This is a story from my past that provides a perfect example as to why investing in tax liens at auction is so dangerous for any but the most experienced and knowledgable investors20 years ago I purchased a SFR as a long term rental investment that sat on a double lot.  

This is a large community and someone might give you some insights on the lender or the loan officer.  

There is a reason banks don't make loans on stocks.

Generally I'm not a fan.

Keep in mind if you are renting a house to a company you can write whatever you want into the lease. 

Forcing them to honor the lease is going to be a headache for a year.

It's a pleasure to meet you, Andy.. are you considering venturing beyond single-family homes down the line?