In the meantime I would love to have some helpful information or ideas to share with the buyers when we meet and ideally an agreement/contract we could fill out together once new terms are agreed to and then share that with the attorney so he could draft up the formal instrument for recording.If you have experience with this type of scenario, I’d love to hear any recommendations you have or any helpful resources you could point me to for the appropriate paperwork.Under foreclosure laws, you have to send appropriate notices and try to work with the borrower and offer a loan mod before foreclosure anyway. 

Thank you so much for the valuable information!

Nate goes above and beyond to make sure you understand the information.

Based on the information you've provided it seems like you might be targeting the wrong type of deal flow for your budget/risk-tolerance/area.

I’ve joined some of these before & they often feel like sales pitches or marketing ploys, but I won’t be pumping people for information or trying to make a mailing list or any of that.

But very good information.

Verifying last 2-years of rental history and income/employment extremely important to find the “best of the worst”.Tenant Default: 20-30% probability of eviction or early lease termination.Section 8: Class D rents meet program requirements, often challenges to pass Section 8 inspection.Vacancies: 20%+, depending on market conditions and tenant screening.Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciation.Where did we get our FICO credit score information from?

Dona, did you receive any further information?  

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

Starting small with multifamily properties is my ideal preference at the moment, as I focus on learning, growing, and immersing myself in as much information, data, and real-time experience as possible.As I build my investment portfolio, I could definitely see myself being interested in scaling up to larger acquisitions in the future, but for now, my focus is on mastering the fundamentals and starting small.