If you can not succeed at that you may not be cut out for investing.Learning to save and eliminate bad debt is the best training in preparation to succeed and extremely difficult to do without cash.

Customers may be preparing to sell.

Be prepared to get D and F Tenants if you are looking at D and F properties.Hope for long term Tenants because you will need to rehab the property after many of these kinds of  turnovers. 

Dived and look at the price ranges and get to know about days on market and which agents specialize in what ranges. 

Insist on special warranty and not quit claim.

@Jeremy Taggart you can get this asset financed under an LLC, especially when using specialized lenders.

Overall we would love to come back and enjoy this special cabin again" I got that yesterday.

All the work is done upfront when buying the note then once it is acquired if you have a system in place and coordinate with your special servicer, servicer and attorney etc. your a manager managing them and checking in on making sure they are meeting deadlines.

Land lords not prepared will sell or suffer. 

Hello Dania,I am a local real estate broker and I specialize in multi-family and investment properties.