Plus the logistics of trying to get multiple note holders to agree and be happy on servicing, collections, work-outs, and exit strategies sounds like herding cats!

That if all things work out as planned and there are only minor hick ups along the way.

This particular strategy was personally told to me by Jimmy while we were driving from Phoenix to Las Vegas in the early 1980s to attend a real estate exchangers conference and exchange session.   

I would be willing to either pay for the access, or work out a deal where I could throw leads your way since I will be sending out a significant amount of letters.If this is breaking any forum or Realtor rules, please let me know, and I will remove it.Thanks

I'm curious about how this will work out. 

If, you convoluted Plan don't work out, "What is Your Plan B?" 

Workout today is going to be intense!

So in the middle of the session, without a word of warning, the seminar leader calls for volunteers to come on stage.

How did that all work out for you?

I took out the most aggressive folks that wanted to hang them so they did work out of it but it was the end of their career in owning real estate .