I find it difficult for those that would spend that kind of money to actually make any money in the note bizz. as competitive as it is. and most note investors are ones of means that are looking for consistant cash flow as opposed to owning the 3 t's of rental properties.Could you describe how your making any money in the note business without significant cash to buy notes ...

Quote from @Henry T.: Sorry to say so after the fact, but you need to learn some landlording basics.Never give the keys to anyone without a proper signed lease. 

Here is my current set up:1) ShowMojo for managing the self showing listings (It has some self showing anti-fraud services, syncs with smart lockbox to issues codes, etc etc)2) CodeBox Jr smart lockbox where I have the keys3) ReoLink Go Plus Cellular Camera with a $5 per month T mobile data only sim card.

If you get to a pound t where it's a C grade rental or better you can start to get decent management. 

Stessa had some features I didn't;t need and ultimately I also wanted tax features. 

Here in College Station, TX I'd say its no big deal just cross your T's dot your I's, and head on down to the local justice of the peace. 

I've done that and have t had an issues in the past 

t=3243&highlight=Posted: Thu Jul 13, 2006 9:22 am Personally i would take a few BASIC steps, and one of them is NOT "just buying the land and hoping to get zoning and a LDP for I want"1.

In one instance I was told that the seller was expecting 92 to 94% of UPB, which was in that scenario equivalent to a 85% LTV, and I thought this was too high for the amount of risk and unknown involved.I would love to be buying these around 50 to 60% LTV but don t know if that s realistic currently?

Do they have the necessary resources to stay on top of all the tax issues such as 1031 exchanges, 754 Step-Ups, etc.Feel free to send me a private message if you have any questions here.A couple articles you can read that will be helpful:https://www.biggerpockets.com/forums/51/topics/1206189-cost-...https://www.biggerpockets.com/forums/51/topics/1204912-how-t...