It is actually a modification to our state codified law 43-32 which governs rental property.

Federal law requires a mortgage license for workouts, the rescheduling or modification of a non-performing loan is the extension of new credit, just because you own the note doesn't make you a lender.

Arm your self with knowledgeable partners.Background checks are vital to creating a great community for you and your tenants as well as for the neighborhoods, so consider the bigger picture of how you will impact those in your neighborhood.Jeremiah Stephen, Tenant Watch

A lot of properties I look at have, over the years, had walls moved or other modifications.  

Risk is when I have to use my money and liability is when I finance a home in my name.it is vital to do all the correct paperwork, make the payment directly to a title company to keep everyone honest, put your monthly positive cash flow in an escrow account to protect the property and the money you are going to give back to the buyer into an escrow account to have a fund in case the buyer stops paying.The sandwich lease option allows me to invest in real estate while helping buyers and sellers at the same time, all other ways to invest out there in the market today are about getting a property as cheaply as possible regardless of the effect it has on the seller.Making a difference will get me buyers and sellers coming to me because of the benefit for them, everyone knows someone who can't sell their home because they are under water or a buyer who doesn't qualify for bank financing.

The biggest mistake I made over the past 20 years when I first started is I never had a final goal or outcome that I wanted if you ever hear me talk or speak to people that is something that I hammer in because I realize it's so vital for figuring out what the end result is you want from owning real estate. 

I haven't had any complaints from tenants about this charge.The other softwares were pretty good, but here are the deal breakers for each.Tenant Cloud: Tenants cannot setup autopay unless we have the paid versionApartments.com: You cannot upload your own lease, you can only make modifications to their leaseAvail: You cannot upload your own lease, you can only make modifications to their leaseRentRedi: No free version***I investigated these softwares 8-12 months ago, so some things could have changed.

If candidate 1 has worked the same job(s) (if both are working currently - wasn't sure as they have a baby) for years I might give them the edge as a good work history is vital. 

When a modification or amendment is completed that is recorded and will carry note parameters on it.

You need an updated BPO to establish value (request from a real estate agent)You need an updated title report.Verify that property taxes are current.These last three are vital to get at the actual equity in the property, in the worst-case event that you had to foreclose.Marc Faulkner, Dion Depaoli, and Dave Van Horn are the professional note experts that post on the site, so you may want to page them, but the questions above will be on anybody's list of things to know to establish note value, so if you post the answers then those with knowledge can weigh in.