David,  certainly depends on what part of the business your in.. for the average buy and holder just starting out.. inspection is something they should probably do.. 

@Joshua AndrewsMy understanding is that if have your note recorded with the Register of Deeds for the affected county, that you and any lien holders have to legally be notified before a property tax lien can be auctioned off.You could call the county in question and ask them this.If true then you shouldn't have to pay a service to monitor this for you.The key is that you must record this for the county to know to notify you.

Hi all - I"ve come across several seller-financed notes where the seller/note holder is "self-servicing" the note vs boarding it with a servicing platform.

This includes: Tile, grout, thinset(chosen by client), shower pan liner, drain, tile installation, mud bed for shower floor, bathroom floor, concrete boards for walls, shower faucet and shower head (ORB), seamless glass door. 2- new toilet and hookups 3- double sink vanity white shaker with soft close. 4- granite counter top to match either the kitchen or the tile ( to be chosen by client) this includes a 4 inch granite back splash 5- bathroom package kit ( toilet paper holder, towel ring, towel bar ) ORB 6- exhaust fan 7- double under mount sinks with sink faucets and all hookups.

Flip if you want a big check next month.  6-12 months is nothing in the scope of the true buy and holder with 10 or 20yr time horizons.'

Saying, "1% of all mortgage holders get foreclosed" doesn't carry the same amount of fear, as "100% of everyone foreclosed had a mortgage."

I'm considering putting an offer to a condo in Indianapolis as an out of state buy and holder... everything was looking VERY good until I learn the owner has no lease agreement with the tenants currently living there which appears to be some kind of roommate situation. 

Even our one bedroom SEC 8 voucher holders can qualify for a two bedroom apartment.  

But to say an insurer is not reputable because they are protecting every other policy holder that they insure (as they are a mutual so every policy holder is an owner) by underwriting a property is not correct.  

I'm not seeing this as a seller's matter as far as the note/contract holder, what makes us think the contract is for sale, I saw that the buyer under that contract wanted to sell the property.