Before tasking the applicant with clearing "their" record, I would do more myself.

Of course I will have a business agreement in place stating this.I want to lend the 10k on terms and would like to receive monthly payments until the complex is performing at a certain standard. 

A large loss adjustor is going to come meet us on Monday with one of their preferred contractors to assess the damages and give us an estimate.It seems like the next step, which is probably the most important part of this process is to find a good contractor that can give both us a fair estimate to make sure the insurance company isn’t going to try and lowball us and perform quality work to restore the house.

Maybe something from B2R which would allow you to roll three or four loans in to one, which would allow you to perform your strategy two or three more times again?

MLS#13178475Hi Kiel,An 'experienced investor' would walk the property, take property photos, put together a detailed scope of work and create a detailed estimate of repairs.I would recommend you do the legwork on the first 3 tasks, and then you would get a much better response to your question.I'd be glad to provide some insight if you can provide a little more information.Thanks!

Bank regulations simply would not allow FDIC-insured money to be invested in such a poor credit risk but the beneficiaries of the deceased man's mortgage deserved payment so they sold the non-performing mortgage to a Boise " Private Note Purchaser" for a small fraction of its face value because the heirs lived in a small community and did not want the infamy of being the ogres who would compound the misery of an unlucky family by seizing the home through foreclosure after the occupants had suffered the loss of their son to childhood disease.The Boise opportunist had no such inhibitions.  

Having both will grant you with more confidence and greater access to necessary information (not to mention saving time, as you will not have to wait for someone else to allow you to view a property or provide comparables as your wife can now carry out such tasks).

I share the properties between the providers and can gauge their performance and price.The responses are great and they cover items within the infrastructure such as AC/heater,electrical, plumbing, garage door etc.If there is anything uncovered that needs to be fixed, my broker connects me with local handy men or professionals to take care of those issues.One of the providers, https://www.ahs.com/ charges $75 per call. 

Problem was the tenants never stayed long enough for the investment to truly perform like it should.

Maybe i should have worded it differently, i'm not sayin this is an easy task by any means.