It was a simple PV of a note play. 2. sell my props I take back and did not want to rehab.. so I helped a lot of BRRR folks get some pretty good deals .. how would you like to bRRRR with none of your own cash and no interest accruing ??? 

Living expenses accrue on credit accounts, paid off at the end of the month by the 1PH.

So you wouldn't have accrued any equity beyond the original down payment, and they will still use the same LTV, thus you still leave money in the property from the down payment. 

I would use the option fee that I received by assigning it to a TB & have that pay for the fees in the pre-foreclosure process & therefore the home would be out of the process once the funds pay off the delinquent payments.It would benefit the home owner in trouble by:-Making the mortgage current-Potentially saving their home-Little if no cost to them-Save their credit (somewhat)-The rent would cover mortgage paymentBenefit TB by:-No qualifying for home-Can accrue equity with each current payment -Can build creditEverything would be done at an attorney's office for signing papers & etc.

Whether there has been an actual lien filed by the city is maybe less significant if a property has been accruing fines/violations in the city, and the city believes these issues will follow the property on sale.As an aside, I'm not entirely sure if the clerk's office per se has any of this information--but the Hudson County Register's office, http://www.hudsoncountynj.org/office-of-the-hudson..., I believe maintains property records and etc.

Scheduled payments are first applied first to accrued interest then to principal and if interest is fixed with scheduled monthly payments, there is no difference to odd days monthly to annualized amortizations.

The one area of growth I'm having trouble believing or understanding, is the amount of debt carried by an investor while accruing properties.  

.* Market is hot, could be profitable to stay and keep accruing equity, also neighborhood is improving.I am starting to feel bad about the work that needs to be done there.

I can help find active MLS listings here in NV that fit your criteria should you need.In our experience, single family properties have performed better in a buy and hold situation—they just accrue more in equity and appreciation in the long term.

I also opened a Discover cash back credit card, which I still use all the time and pay down before any interest accrues.