However when I would do work outs it could be a challenge for private second holders to understand the pickle they were in.All the more reason every investor should obtain qualified legal consultation before investing directly into notes  Don I should have added the reason these folks were paying on the second and not the first is the payment was much smaller.. 

He hit a gas line (not a huge amount of damage), and there is an extra bill coming to me from the gas company for the fix/labor/material costs.

I added value to the deal by completing cosmetic repairs, allowing the property to be rented quickly and generating immediate cash flow.

I added value to the deal by completing mid-level renovations that enhanced the property’s functionality and appeal, making it a desirable rental option in the area.

If you don't have a healthy amount of cash then you're adding a lot of risk to the deals you do. 

Have you considered adding a short contingency that allows you to evaluate the tenant’s new job status within a specified period?

MTR is treated like an LTR from what I understand and I already own a couple LTR's so would rather do more of those than an MTR and avoid the extra hassle of furnishing, etc.  

Never limit yourself as to how you're gonna get paid.99.99% of the time, I've come out ahead because I've taken the extra step to accommodate my customer.Here's one for you all...."

We have added new interior features and a new roof.

That's an extra $250 per month or $3,000 per year.