Your associates should have an expertise in the area of what you need.

I like this approach and wondered if anyone else used this same model and what experiences they have had.Thanks.

Pretty different business models.

Actually my model came from my new construction background and understanding the workings of spec home financing, which I transferred into a market full of distressed properties.I just happen to be my best client right now.

IMHO SLOs take 3 months reserves (like $6000) and some expertise in loan origination.

Is there a local group of REIs that incorporate this into their business model that anyone knows of?

Take a look at some local models and imitate those. b) I think 50/50 is a bit too generous for most deals.

It's a feast or famine model.

@J Scott @Ned Carey can definitely give you more specifics with his wealth of expertise.

I wonder what I should do to follow up on this investment.I am thinking to:1. build a spreadsheet to track timelines for each lien; Timelines for subsequent taxes, redemption period and expiration date.2. create a financial model to track investment return for each lien and/or this investment;3. tour the properties I won liens on some time this year in order to decide next step for holding/dumping strategy.Please suggest anything else I need to pay attention to.Thanks,Emma