On average, you will spend 10% of your income on maintenance per year.

The reason I asked about the amount is I see people always searching for the "perfect note" when they had 100 opportunities pass right by and spend thousands to buy 5 loans a year which they could have done little work and still found similar loansWe buy non performing to get them reperforming and we also have some shorter term RTL's (performing) for cash flow purposes.

I think the reason that Grocapitus or Neal Bawa were not getting much response either speaks to their level of participation in BP (Neal obviously doesn't spend much time here), or the fact that unhappy LPs were shy, or happy LPs were shy, or BP does a poor job of really getting posts noticed.

If anyone spends any time in Europe, barely any jurisdiction impose these limitations on homeowners/builders yet people live in much smaller spaces... and very happily.

If you do decide on an area, please go visit and spend time in that area and get to really know it and the team you plan on working with before investing into it.

Quote from @Sofia Komrskova: Don't spend that kind of money on courses.

Now I spend 5 years hoping they make their payments and somehow refinance to pay off the balloon. 

Spending the owner's money, not saying anything, and letting them discover it while reviewing the monthly statement is unprofessional.

The entire focus is on new people because they spend on more.4.

If you spend time learning how to manage well, your income will increase, you'll save time, and you'll maintain your sanity with the courage to expand.