Bottom line is I'm a bit wary of getting into this again and would really need to be sure that the first lien positions were solid, the borrower had enough skin in the game and the property was in an area where resale or rental would not be problematic in the event I had to foreclose. 

I just attended an event with this exact topic.Get all the information then make your decision.

I liked Nathan's reply because it is totally possible to buy rentals with little to no money down, but you should definitely have some sort of cash on hand for general operations and unforeseen events. 

Zillow is also predicting that Columbus will be the third hottest market this year: https://columbusunderground.com/zillow-columbus-will-be-the-...Happy to connect if you have more questions.

You will learn a lot more talking to people in a room that you will on a forum because good or bad, a lot of people will not say thing online that they might tell you in person.That's why I would look for a local REIA group or SEVERAL, fly to that city and attend these events and talk to people, get the lay of the land and ask about what you are being told and see if it vibes.Back in 2008, 9, 10 I was getting calls from a lot of out of state investors who had scooped up houses at great steals here in KC for 100k $150k and their cash flowing tenants had vanished, or stopped paying and been evicted, the property had been vandalized and they wanted to sell  . . . back then the most I would offer them was $5 to $10k. 

Expand your network and explore social media events and make sure to connect with local lenders and brokers as it's beneficial for achieving your goals.

Most of all, when you go to these events.

Seller financing still implies a transaction and therefore a tax event.

Your Network = Your Net-worth"Been watching Evernest's video's and they share a ton on "everything and anything" property management related so that's been a blessing.Biggest take away when it comes to scaling a PM is to spread the word about what you're looking at doing and to build relationships.Local real estate events, NARPM, IMN, etc...You want everyone to think of you if they are looking at selling or if they know of anyone looking at selling.I use to be "loud and proud" and a huge extrovert but I guess "old age" has got me hahaI prefer drinking coffee and smoking a cigar behind closed doors.But, I guess I'll have to start "shaking hands" and "kissing babies" like a president when it comes to networking again lolMaybe even do a few video's while not wearing any pants heheBig hat's down to Matthew Whitaker for scaling the business so much.I remember spending some time together in Birmingham when he had a decent sized operation of around 1,200 units or so.Now they are 16,000+ 👏HUGE...We initially met as I was interested in selling our property management company in Toledo and now we are looking at acquiring others heheTime flies, things change and life is funny.Thanks everyone for your contribution and wishing you much success

So, in the event of a foreclosure, the lender would only be able to get an in-rem judgment against 70% of the property.Buyer:   Sr or Jr position is dictated by time of filing.