I would never contemplate such a place say in a Manchester, or Bristol, or New Britain type setting..

I will be contemplating what will be the best way to move forward.

When someone is contemplating a 1031 you have to know why you are selling and make sure you have something to exchange into that at is at least equal or better or that fits your changed goals.

Have the seller also sign a seller disclosure to the effect that their is no bankruptcy pending or contemplated but should it in the future they agree to leave said property out of the proceedings. 

If you are contemplating doing more than one loan, do it as an LLC amoung the partners with the LLC loaning the money to you as suggested above.The fact that they are friends has no bearing on the arrangment as to a lending or pooling of funds to the SEC.

I was contemplating the home inspector vs REALTOR license.

This home purchase is contemplated on cash in pocket, if I can get $1,600 monthly on a $83k investment, then I have no intention on disposing of this asset and thus the interim flows will be well above market, and if I sell I will at least recover my investment plus appreciation having accumulated those cash flows.

I guess this particular mortgagor had other debt that they can not handle and are now contemplating bankruptcy.

Hey Bobby,I think all of the metrics you mentioned are useful, especially if you're contemplating a buy and hold strategy.

On my time off, I was contemplating on finding my niche and do something that will make me happy for the rest of my life.