Just keep in mind the properties will be very much management intensive.

This post might be useful to newbies like me thinking about entering the note space and will give me an opportunity to consolidate my thoughts after this intensive two day affair.

Always get an expert on private systemsAnd yes for the most POH's are more management intensive and do cost more to upkeep...but some people find this appealing and prefer this way...i don't and most people in the industry don't.Your cost will also be insurance, some general area potential electricity, cell phone/office supplies for manager maybe, reserves, bank fees, legal fees, accounting fees, software fees. 

Jim Valano was the basketball coach of N.C.

Send them a swatch of greige as a sample of the intensity of color or tell them to use the behr neutral flyer at home depot as a guide.

A 40 mile drive each way sounds intense for a minor complaint.

Tenant finds a new place within a month of intensive searching.

My job was extremely research intensive and involved too little people contact.  

I got yelled at more intensely, more profanity, called a creep more often, than any other mailer.In fact the best performing mailer simply was a damn yellow post card with a ... oh wait... not going to shar that here as all my competitors are eying every damn thing I do.Dude, not sure about your market... but around CT... that crp doesnt work.WHY are you writing a hand written letter? 

Buying non performing notes, whether hoping to make them re preforming, or foreclosing to gain ownership of the property and either fix and hold for rental income or sell is a much more intense and active business endeavor.