I have heard several people refer to "note tails".

We mainly work in the value-add space so we will go in and replace the bones of the property including, plumbing, electrical, furnace, ac, and anything else that is at the tail end of life cycle. 

(I had student loans; worked my tail off to get them paid off in less than three years.)

I spoke with his current landlord and references they said he works his tail off and want to give his family everything.

I'm guessing however, that lower income properties get a lot of service calls and generate a lot of unprofitable "tail chasing".

What mattered was commission on the HUD  plus I hate paper work... in all those years and literally 1000 transactions I got screwed only one time on commish and that was by a shirt tail relative...

IE wife passed or hubby passed .. and they just cant part with it. the other reason and I find this very common in the deep south and in the South Carolina markets I workis they simply did not handle their personal affairs correctly  IE no probate at death.. no real divorce  etc etcso title is all buggered up and cannot be fixed without major legal work that sometimes will exceed the value of the home or what they are willing to do with it.. in Charleston SC we deal with this I would say one out of five we try to buy has these lingering title issues.. lots of shirt tail relatives .. no proper action taken at the death of an owner etc etc and you simply can't clear title.

@David Lecko I like this and with it being my first this would give me some time to assess the property for damages put together a report and submit to a private money lender without the pressure of the market up my tail😊

Unfortunately, the bank sees my paystubs through this other company that's a temp agency and U/W throws a fit about it and denies the loan after Ive been working my tail off the last month to get them what they need, including a signed letter from my boss at Samsung stating that it is extremely likely my employment will continue for as long as I should choose.My payments currently are 931.85 and under the new loan would be 1189.xx, I receive rental income that covers that amount every month for 2 of the bedrooms, however we decided not to use that income because they could have looked at it as an investment and the terms wouldn't have been as sweet.

Trust me, one lawyer letter over a measly $1900 and they will be running with their tail between their legs and begging you for forgiveness.