this is a clever way to play the game

I would let them know I know how to play the game and they are in a loosing position.

Any way we just play the hand we are dealt and move on.. one good thing I can tell you though Is it great for those that can buy land with the right zonings at the right price points..

Because it's an appreciation play, the more you can put down, the better.

@Matt RomanoI would suggest negotiating a price reduction rather than seller credits, so that you don't have to play the reimbursement-after-repair game.

Many large tax lien buyers are in it for the interest rate play, the last thing they want is to actually get a piece of real estate.

I've thought about replacing all mine with just key pad ones  so I don't have to play the rekeying game or switch locks out like every time someone leaves, but I'm not sure about the cost or the downsides to this.

its a nice alternative  let those that specialize in the asset live there work there do all the heavy lifting and you play the banker.. once you get hooked on notes watch out.I don't think most west coast folks understand mid west towns and how the demographics change so radically from street to street and or how if a street turns bad the values as you state can go down to next to zero to actually exit.For all those that will listen to what I have to say I am a big proponent in those areas if your going to invest there and that is fine just make sure as an out of state investor that you buy as close to median price for the msa as possible. this in itself will put you in areas were you have homeowners as well as renters and you have a legit chance to exit if you needed to.. if you invest were only investors invest then your exit is quite limited its only going to sell to another cash flow investor.. this is why for those areas I like being the bank .. where your borrower owns 50 to 200 of these homes and does it for a living.

I am looking to play the long game and invest in real estate to secure a future for my wife, and my children. 

Play the numbers out: purchased house for $300,000 mortgage in 2013.