As others noted, this strategy can be management intensive and introduces additional complexity. 

John out this way they send it to the court with an interpleader but I suspect this will work out..its 1k and now that our bp member has some ammo i suspect there will be a win win...

Kalonji Mitchell Evergreen loan servicing is good FCI lender services is also out there and Note Servicing Center is another I'm sure any of these in addition to Del toro would workout great for you.

The $300 bill should go back to the builder and the turn key / builder can work out who pays it.

I hope things work out in your favor!

Some of them have just started, bought a few notes are learning to do the workouts but haven't completed the full cycle. 

Thinking flipping will work out of state.2.

Many times all of those numbers work out even after a property has been listed on the MLS.

Just a quick add if you are considering NPNs, they are cheaper, but they are also much more work intensive and I would caution against pricing a NPN based on the view that you expect the borrower will agree to some sort of modifiction/DIL.

That means each buyer should know exactly what they're getting into, what their responsibilities are and perhaps most important... you should ALL be in agreement on an exit strategy.That being said, I used this strategy for my first property and it did not work out well because I did none of the things I recommended above!