We've had a lot of other people on this forum that claimed their expenses were well below the 45% - 50% range, yet in EVERY SINGLE INSTANCE, when they posted the numbers, their claims were not true.Jason, if you live in an area where expenses are unusually low, post the numbers.

All of the above can make the note worth anywhere from 0 to above par (37k).For instance, if the payor has good credit, has paid for a year on time and currently is up to date, and if the note yield were in the 10-12% range or so with a loan to value of under say 65%, then you'd probably get close to par if not more for the note.If, on the other hand, the note is delinquent, has almost no equity to back it (which it sounds like this note has), and has any other senior liens ahead of it, then it is worth just about 0.Anyways, without the rest of the info, we can only guess.

Although that is really jaded, I have to agree in alot of instances.

Later when you're rich and famous you can hire it out.

I thought there would be some potential problems doing this though; for instance, if someone was to google the property, they would find different contact information as well as better terms/price.

Is remodeling allowed--replacing carpet with tile, new cupboards, ceiling repair, updating a bath, for instance?

For instance, I live in a college town where its easy to rent to students and property has been rising at 5% even with the downturn in the market.

For instance, any offline marketing materials will have physical contact information.

As I have read here on several instances, you really learn by doing.

What we as investors today will not be what we do a few years from now.For instance, in today's market, The Norris Group focuses on rehabbing houses.