I guess I just wanted to hear others experiences with them and any pitfalls they have had to contend with, if any.  

Seller knows he/she will have to contend with them someday - maybe it'll work out for you.Tenant who can't afford gas is another red flag, especially in Indiana.

Thanks for posting the link, Stinson.I still contend that I would never buy a property that has a trailing deed.

Yet most people are totally unaffected by any of this.These guys have done an actually statistical analysis and contend that the impression that all these contries are on the engulfed in rioting and violence is just wrong.Its not unlike thinking cash flow is rent less PITI.

You say the credit scores you are seeing are bad, I would contend it might be worth it to find out the cause of the bad credit score.

That's been my biggest gripe with him.When I saw that Tennessee was becoming a serious contender, I actually found myself hoping that he would choose Denver.

-Works on Investment Properties Cons:-Must hire contractors to perform the work-I haven't heard of anyone doing this yet-I heard its a little higher interest rate-Hoping there's no requirement for points...Right now this is definitely a contender because of the single closing costs and the lack of excessive interest rates from Hard Money Loans.

I would, but then there's the Bigger Pockets groupies I'd have to contend with.

Referring to this $2,700 purchase (leaving out market value as you mentioned) I would still contend it's low from my experiences with note buyers.

I have to contend with this often when I get NY clients.