Challenge is where is their motivation to properly screen applicants and get rid of nonpayers?

I didn't want to have to remember to do that myself every time.

Although in the last couple deals most have come out as 506C deals where only accredited investors are allowed, there are still 506B syndications where you can be a sophisticated investor (self proclaimed) so you don't have to be accredited.

My son currently lives in the townhouse b/c he is going to school and works in the area.Since he is young and starting out in life, I would like for him to only cover the basic costs (taxes, HOA, utilities) just enough for me to break even (I believe that will put him slightly little lower than market rent rates). 

That was after vetting many properties eliminating them before starting out.The more you do. 

I'm starting out at level 0.

Quote from @Shawn Questa: Hi all,I am curious what some of the Pros would do to Help a Seller in this situation while making a Deal happen.I found a 200+ day old MLS Listing where the Agent said the Seller is in Financial Ruin, hasn't Paid the Mortgage in a year, owes about 180k on an approx. 210k House and multiple Buyers have backed out.I don't know how someone could not Pay their Note in a year and not at least be in Pre-foreclosure. 

Should you decide to do this full time and do more than 1 flip at a time, private lending and fix&flip loans will be the way to go.

We have a member round table discussion on Fridays at 9 am cst.And we have a calendar of events with events from area landlord groups and member meetups.While we are still on zoom we do try to find ways to still be able to connect and talk with each other so our events are not all just another webinar with people talking at you.Hope to connect.

Where is the park?