If they are only seeking a check every month and the largest amount possible based on the equity of this other property then sure it's a fine decision.A couple other thoughts though:With a smaller multi-family a vacancy is felt more financially than with a larger one, but the extent of that is influenced by the market's local metro and property location; andWhy not use some of the equity from the property to fund the purchase of the smaller one and then have two properties generate (probably) the same amount of income or more with debt service on both.  

FaqID=161&C..."...no licensing is required if the business is hired to maintain the grounds, collect rent or perform bookkeeping services but will not be showing property or negotiating leases."

The due on sale clause is used everyday I'm sure somewhere and more often by a lender with their eye on a poor performing loan. 

Buying fee simple performing properties at those prices will be difficult unless you go in to towns that are extremely tertiary, even then I'd be surprised to see pricing around that.

For commercial properties where you perform a value-add and have an increase NOI, when does the lender consider the new NOI and increase in value for a refinance?  

I also figured I would not need to perform a home inspection either considering the unit is in a condo complex that is well maintained. 

In this world of too much information and the need for attention to detail I personally like getting as much information as I can on any given subject; especially if it might impact or influence my personal financial situation which this does. 

Now I have much better visibility of how my business is performing and the time I reclaimed is now being spent on finding more opportunities and growing my investor base. 

Darren Eady What goes into lead generation for non performing notes?

(d) Solicits borrowers or lenders for or negotiates loans or collects payments or performs services for borrowers or lenders or note owners in connection with loans secured directly or collaterally by liens on real property or on a business opportunity.