It's called a payoff statementif it's a big lender you will not buy the loan as it will take forever, you are better just paying it off. you then can foreclose based on the total balance owed to you which is both loans and any accrued interest. regarding fixing property or selling as is, that really depends and needs to be evaluated on a case by case basis 

Along the deal analysis I am looking to buy and use Deal Machine.Sounds like a great plan! 

If you are simply buying for a lifestyle investment, then you have much more leeway in what/where you might consider buying.

As someone new to NYC, I'd appreciate insights on:The current state of the UES market in this price rangeWhether buying makes financial sense for a 3-year timeline versus rentingThe pros and cons of co-ops versus condos in the neighborhoodI'm particularly interested in hearing from those with experience in the area, as I'm looking to make an informed decision.

I am also looking for guidance on being an agent as I have a few friends and family members looking to buy within the next year.

We have one other mobile home park and this property will determine my desire to buy more or sell.

Based on a quick answer from Perplexity it seems like there would be no issue with you buying the home and collecting passive income, but you may not be allowed to manage it yourself since that is considered active work.

Patience is definitely needed if you are trying to buy from a resident with no real estate experience.

As a broker in a wholesale market, I "buy" a loan from a lender at a discount and mark it up for my profit.

People come here, buy, move away and try to keep the house as a rental.