Advancing for a first lien and for a second lien is fundamental the same process.  

You layout some fundamentals that every investor must be intimately familiar with.I thoroughly enjoyed your assessment.Matt

The courses offered in my area are:"How to Invest in Real Estate"-basic introduction including foreclosed property (8hrs $148)"Principles of Landlord/Tenant Law-covers oral and written leases, landlord and tenant law, breaches of leases and eviction procedures, as well as specific laws (such as escrow-deposit requirements) for PA (3hrs $45)"Real Estate Fundamentals"- covers language, principles and laws that governs real estate.

First, I'll start from my fundamental premise that a house you live in is nothing but an expensive doo-dad.

I just find it somehow fundamentally disturbing and unconstitutional that you have to pay taxes on the gross receipts even if you lose money...yuk.

Seems there may be something fundamentally wrong with your venting.

Rich Dad Poor Dad got me interested in real estate investment, and I took Josh Fuhrer's online classes which provided a great introduction to the fundamentals of real estate investing.

I'd be comfortable buying there and even paying more than what makes sense fundamentally, as the area should keep gentrifying.

A good start would be to invest a couple of hours reading up on the legal process in the applicable states.Yes, lots of people give 'wholesaling' a try but few succeed without sufficient fundamental knowledge, especially legal aspects and marketing (the key to Dealflow).And I'd love to be in contact with any homeowner approached by a law firm employee who gleaned their information and was offered foreclosure assistance.

@Samuel HostonIn my opinion, smart note investing goes much deeper than analyzing spreadsheets of non-performing notes forwarded to you from a note finder.Just thinking out loud, some key fundamentals I would emphasize to a newbie note investor:1.