I have been actively acquiring Notes for passive cash flow since that time.I like the the passive nature, the safety and the cash flow that I receive from Performing Mortgage Notes.I upgraded to BP Pro & upgraded my profile.

@Alison Robinson,How are your Ingalls Park properties performing?

Not knowing how the other locations were performing they could have filed BK and we would have received long drawn out payments or possibly nothing at all.What I like about strip centers is the low per sq ft rents if you buy right.

These tasks are normally completed by a property management company (PM), paid with HOA dues.b) When an HOA home is sold a PM Transfer Fee is charged to the seller (or buyer).

You can get the answer for free, but you will need to be familiar with how to perform a title search. 

It is important that you perform the necessary due diligence.

Looking at your numbers, I wasn't clear how new the home was, so you might or might not have included enough for repairs but what I have found in my own portfolio is that when you get a few houses or buildings under your umbrella, you might have ONE that doesn't cash flow one year because you had to dump alot into it, but the others carry it, and the overall portfolio performs. 

@Dele OlaI think John is right on the money with draws for phase/task completion. 

They can be renovated into performing rentals at an acceptable cost.  

@Karl Johnsonyou can set a fee to set up the deal and marketing for the buyer.Paid by seller, buyer, or both.Land contracts, wraps, and free and clear installment sales also can be contracted for.You can not guarantee the performance of buyer to receive permanent financing in the future.You must use a RMLO - registered mortgage loan originator -  to protect the seller from buyer creating a lawsuit over Dodd Frank's Ability to repay rules.You must use a payment serving company to protect the buyer from seller not paying the PITI.Once you learn these strategies, you can assist pretty house sellers sell on terms and challenged home credit buyers buy on terms.Caution: Make sure buyers go through the RMLO.