Banks do not sell notes to just anyone off the street.When you acquire the note, you are now a lender with a collateral interest, as Dion mentioned, get a deed in lieu of foreclosure, you could give cash for the keys.Over the years I've done this many times before the words "short sale" were ever adopted in real estate terminology.

Quote from @Rick Im: Quote from @Ashish Acharya: @Rick Im Inspection fees for unsuccessful deals and mileage for property viewings before acquiring your first rental CANNOT qualify as start-up expenses.

Borrowers can acquire a primary residence from up to 1-4 units for as low as 5% with conventional, as the regulation was approved last year of November 2023.

Price points are low when acquiring real estate but that also comes with lower rental market values for your units so it pretty much evens itself out.With that, if you are going to buy in Reading I advise you strongly consider managing your own properties.

It provides the least amount out of pocket to acquire properties. 

The mortgage foreclosures require the state to acquire three appraisals of the property, the opening bid on the auction will be 70% of the average assessment as the opening bid.  

The true definition of "owner financing" is that the owner of the home is providing the financing to acquire a property.  

I think the information is widely available and in now days, cheap to acquire; one just need to be patient enough to learn it! 

Scale with a long-term plan, acquiring one or two properties every few years.

It can also be used to preserve assets acquired before marriage or planned for separate personal goals.