Or diversify and invest outside real estate to increase returnes.I think it depends on where the asset is located IE here in Portland a red hot market and historically solid ( at least sinc e1992) or take the 50k and invest in the hood somewhere in the mid west.. me i would recast the mortgage.or take the 50k and invest in a reit or syndication deal etc.. and diversify or buy a performing NOTE that is solid and make 8 to 10% on that.then the thought is if you buy a rental do you want to do that for long term as this is work.

I would invest in other "red" states that are more landlord friendly, as CA is one of the least landlord friendly states so it could take anywhere from 4-6 months to evict a non-paying tenant. 

Received the collateral files, reviewed myself for any red flags (break in chain etc) and then sent the files to the lawyer who was recommended by someone in the note world.  

It will be worth it in the long run but it’s a lot of red tape to cut through.

Since I just purchased my first (a 4 unit building) only 1 year ago through a traditional bank loan I am looking for other financing avenues on this one as to avoid the red tape and possible decline from the bank. 

If there are red flags pointing to the potential need for all of this, I think you might zoom past $300k pretty fast and have a pretty long hold period...

It doesn’t cost you anything and they’ll help you navigate a lot of red tape and potential issues. :)

as a GC that is constantly doing investor projects these are the questions I ask them..good contractors stay busy...if your not busy than that is a red flag...

@Ola Dantis Definitely don't want to over pay, and his ask for $120 was a huge red flag.

Looks like hot and cold (blue and red valve knobs on the left side of the manifold.)Can't see it clearly but it the other one may be a pressure guage on a valve.