.: I'm very new to this and would love to get your thoughts on this and are there any downsides to the process?

The pitfall potentials are many, and most speak back to neglect in process.

The most successful loans are those that do not procrastinate and get the appraisers In ASAP so you can get over any unexpected bump in the underwriting process.

I assume there is zero or almost zero appreciation and that’s the reason you aren’t selling tax free?

Does anyone have any recommendations on low cost loan servicing softwares for mortgage payment collection as well as automated reminders etc.Also open to selling the note - has anyone dealt with any of the note buyers out there?

would you rent out your property to a problematic tenant who has a good rental history which means always pays on time with a good credit score. i'm in the process of renting out my house

It could make sense to sell the property and invest it in stocks if you can get a better return there, but there is also some benefit to having a little diversification.

I was able to fund a brrrr deal using 0% interest rate business credit cards ($95k across different cards), I didn't have to deal with lenders and their high interest rates or their draw request process to access renovation funds.

Then look at places where you can buy those properties, and last investigate with HUD what is the section 8 rental in those areas.In that way, you will collect a lot of knowledge in the process.

I always have a plan B and if I can’t flip the lot in 60 days, I’ll sell some stock to avoid the IRA penalty.