With Regard To your second question, SoBeREI, I would suggest that the successful experienced owners either A) got lucky; B) did their homework and proceeded cautiously; or C) had enough funding to pay their "tuition".

Quote from @Chad Schaper: Hello,I purchased a duplex for $75k and it rents for $1,375.

Chad Seay are you looking for turnkey or something to fix up?

Check out Chad Griffiths, he's an awesome resource for everything industrial

Originally posted by @Chad U.: Or, most recently I had a "direct buyer" want to buy a pool of notes, and sends me the MLSA with the purchasing entity. 

I suspect the AG has gotten many complaints.. but if you know anything about these types of things .. the wheels turn very slowly. google Marquis properties Chad Duecher for some fun reading he did the exact same thing as Morris and ended up with 7 or 8 years in prison but it took 5 to 7 years to get turned in and finally convicted.. 

Hi Chad,Go with the option that best fits your lifestyle and income needs. 

Quote from @Chad U.: I've had a couple loans we foreclosed where there were medicaid liens. 

- Chad [email protected]

@Chad Duncan a lot of details are not known in your scenario but right off the top of my head I would not call it a good deal.