I have 50 student tenants and 80% of them use paypal or venom. both are free and super fast. transactions don't have fees if you connect them to a bank account

When it comes to adding common-sense stuff like "no parking on lawn", "don't hang clothes from water pipes in unfinished basement" etc etc etc, your lease will soon become a book.

:@James Wise I guess in that instance if I were an unlicensed individual looking to do that I would probably seek legal counsel from a real estate attorney here locallyWell, I wouldn't, I would just get my license, but one might So what happened to all the venom earlier?

If you have a balloon payment the defect may prevent any future refinancing.Another issue is future modifications, such are a new extension of credit and you need to ensure that the priority of the lien remains, so state law needs to be examined.Future sales can be delayed, foreclosure may not solve all defects.Defects in title or the note, DOT or mortgage may render the note unmarketable.The 61 points listed (some may not be a concern and there are basically double entries of the same issue) may all be associated with performing or non-performing notes.In seller financed notes, I can add to that list as those primarily pertain to conventional securitized notes.In that list you'll see issues of self dealing, arm's length transactions and improperly executed documents, these issues are magnified with seller financed transactions.Add property valuations at the time of sale, often over valued.Incomplete or inappropriate servicing records.Application of funds not properly made.The loan is between related parties.Notes in connection with installment contracts, CFD, Sub-To or Option financing improperly drafted, or identified with the contract.Personally property was included in the transaction and financed, security not perfected and that security interest in the RE is overstated.Now, these are some issues to ad to the list provided in the link, but just moving on:Dodd-Frank,Illegally originatedNon-compliant termsServicing is not compliantThe note doesn't have the seal of the MLOIncomplete loan fileBorrower had possession of verifying documents during loan processingAbility to pay not documented or computations incorrectly madeBroker/seller is not registered or in compliance, then revert to the "linked list"MLO is the note holder, seller of the property securedNote is originated by a Trust or closely held entityDeed in lieu of foreclosure, executed by the borrower & originated by the note holder, (escrowed deed for default)Financed options or credit leases with notes being disguised salesOption agreements requiring any contract performance by the optionee.Lease- with financed options having lease amounts under FMRNotes assumed by assignment to a new buyer without lender's approval.Non-recourse notes without asset based justifications or additional security.Any prohibition against the ability to obtain future equity, such as a HELOC.Notes that include cash advances together with equity.Zero interest notesOriginal married note holders divorced, died parties, incapacitated without proper assignments.Tax liens or judgments against the note holder.Notes held by entities not properly filed or in compliance, improper authorizations.UCC filings on note seller's assets, note not released.Okay, getting tired !

Once you accomplish these, (2) will position yourself to adding value on deals you may hear about.Nothing in life is free.

It's all about the numbers and comps in the area when it comes to adding sq footage or basically anything in real estate.

There was this really interesting video about having an LLC in WY as well as the state you're doing business from and having the WY one own the other LLC due to added protection... any thoughts on this?

Eugene is close to adding relocation assistance (cash payout to tenant) that is over and above state requirements. 

I tried to ad a picture of a hoarder house I bought and tried to say “Do you have a property that looks like this?

Here in Austin they are allowed but there are restrictions when it comes to adding an ADU such as min sq ft on your plot, attached vs detached, distance from main structure, and how much the roof can cover of your land by percentage.