@Andy MirzaOur models are similar - at this stage I am not looking to get creative on creating the deal but during the workouts on NPL’s this is where my creativity comes in and I try and be creative so it’s a win for the borrower but also enhance the value of the note significantlyOne way that is easy to do this is on loans where they are significantly behind and started paying again.

I will take a stab at why the caution, and please let me know if you agree or disagree ... it seems to me that even among the NPNs there are different "flavors", but the main ones that come to mind that I think are pertinent to the discussion are:1) Non-performing 1st with sufficient equity (from the LTV and/or discount you got) such that you can foreclose to recoup your investments plus make a decent return.

@Vernell D Watson - I do have a spreadsheet that I developed before I discovered the BP calculators and continuously enhanced for the past 6 years.

They add new features and enhance existing features through updates regularly, so it's clear they're investing time into continually improving the overall features of the product. 

I am seeking employment/mentorship for after graduation to continue enhancing my knowledge and be ready to start investing as soon as possible.

You've had a few flavors of replies here and they all seem pretty good and well-informed. 

What you read in the books is informative, but does not replace experience, and each one of the people here can have a different flavor of experience when it comes to reality. 

If so, you may be forced to take a private loan, or see if a bank in your area will give you flavor of construction loan. 

Make the time to enjoy some of the local flavor on the keys (Siesta, Longboat, and St.

For any cons, are there risk mitigating factors and enhanced screening criteria that help?