On FCI's Diamond notes (the one's that they service), does one assume that a workout was unsuccessful and that FC is the only exit strategy?

Mike Hurney runs one you can also attend Black Diamond in Waltham and/or the NEREIA in Chelmsford. 

New England REIA in Chelmsford is mostly no selling, you'll meet 30-40 people with lots of newbies and some regular experienced people@Justin Silverio runs a meetup that is free, I don't know what his attendance is, but he'll jump in and tell usMy Black Diamond is also free and meets next Tuesday, link in my profile. 

Like in any area its best to look around and test the different brokers to find the diamond in the pile of lazies, who don't already have a stable of investors.Its rough.As far as G.C.'

Closest ones to you would be the Boston Area REIA (Just changed locations to Medford) and the Black Diamond REI meeting in Waltham run by @Ann Bellamy .

It isn't everyday that I can do this but I think I have another diamond on my hand in the West View area of Atlanta.

When you understand that they are simply doing the same thing that you're doing, which is squeezing grains of sand together hoping to create diamonds, then you'll understand how to deal with them.

You can do amazing things with a good tile saw and a set of diamond buffs for a drill.

Sometimes I think that I'm so anxious to get something going that maybe I should just start with any decently safe deal and get my feet wet- start getting some cash flow (even if it's trivial at first), start getting some equity via debt reduction, start getting some tax benefits, and maybe even some appreciation due the market slowly creeping upward.Maybe an OK deal would be better when started now v/s searching and waiting for that one diamond...

My real estate business and I are still very much works-in-progress.  12 years ago I was very interested in real estate....read a ton of books....formed an LLC...farmed a neighborhood...even talked to the postman about a certain "diamond in the rough" house.