Most who fail  buy C/D real estate without strong fundamentals.

Otherwise electric.One thing to think about is A/C for the cabin.

Here in Louisville I am looking in C to C- areas.

I see a lot of opportunities in the C locations on the Westside of Cleveland.

I have two options 6.625% 30 year or 6.15% 15 yearI want to invest aggressively in the near future on more propertiesThe loan is only $110k and the monthly payment for 15 year is $563 and $750I will earn 2-3k a month in gross rental revenueThe property is in a declining population areaRecently rennovated, and all major things were relatively recently improved such as plumbing, the roof, a/c, electric, etc.Will require a lot of management as it is rent by the room so I may switch to a normal rental after 10 yearsI'm trying to find what will mathematically net me the most money in the long run.

This is the form that would be used: https://content.enactmi.com/documents/calculators/Form1038.C...   

Since these were recorded C for deeds full foreclosures had to be done to get the folks out.. then the second one defaults. then the third.. 10 to 20% default rate is the norm with this type of deal.. next thing you know they cant pay the underlying and the sellers are screaming like stuck pigs.. ( the original seller) These guys had no money to prosecute the foreclosures so the people they sold to just squatted.. .

My guess is it wouldn't be as critical in an A- or B-class property as it would be in a C-class property. 

Quote from @Evan C.: Maybe someone can educate me on the actual uses and mechanics of using a substitution of collateral clause (aka substitution of security) in a loan when you are the borrower.

Quote from @Montse C.: @Basit Siddiqi @Linda WeygantI believe it’s worth keeping an eye on this development, as this measure is still a proposal and needs to pass through the Spanish Parliament.