Dion,Not sure if I am invited to post here since you don't like rehabbers (I'm joking of course, no offense taken) but will anyways.What attracts me to this class is the passiveness after purchase and the yields that can be obtained without labor, no matter what I am doing or where ever I am.My expectations are to get 13%-20% (or more when possible) returns on capital and thus far, have only tackled the performing note biz.My target capital numbers can vary depending on the location and asset class securing the paper but typically, $15k on the low end to $100k on the higher end with abilities to go higher.

It has nothing to do with criminal or wrongful intent.

You don't avoid paying the gain on the sale over the basis.I agree with Steve as to giving advice, you really shouldn't go there at all, especially since it appears you have little tax knowledge, no offense, but there is no exemption.

, congratulate those who are sharing their recent successes (always best to learn from other people's successes, instead of others failures) and if you can do that while adding just a touch of non-offensive humor (ie, when talking about "the 2% rule" or other "rule", Rule number 1 is always "Do NOT talk about fight club.") people will respect you and look forward to your posts.Don't forget....Rule number 1 is we do not talk about fight club!

Do your background check, criminal check and whatever else you do.I think the only thing you need to add is a "co-signer" check.

@Mike Hurney , @Shaun Reilly: Where do you guys go to search for tenant's eviction, criminal/sex offendor history in MA?

The law says that you can not be enriched by your own criminal actions, so the insurance paid off the mortgage holder(s) but not the owner.

My major concern of unauthorized occupants are their criminal backgrounds, that I have no way to know and check.

I assume this came up because you said you'd do a criminal background check?

And you know what they say about criminals and recidivism.