From what I understand a private lender is interested in lending his/her money out for a super high interest rate and to expect the money back in a fairly short amount of time.

Vacant land is a great place because no big issues and you can buy and sell all over the country fairly easily.And since no debt, it is okay if a property takes a few weeks to sell.

I am fairly certain that if you are looking to raise over $1000000 there are definite restrictions and advertising requirements and SEC Regs.  

How is a fair “fee” for the bird-dogging service I’m basically doing calculated?

We both are from Ohio (Cincinnati & Dayton) and are fairly familiar with Columbus, but have close friends and family who live in the city that can provide location advice.

Does anyone utilize a checklist when taking calls from prospective sellers in order to maintain consistency and gather only the needed preliminary information? 

If you leave those out it does look fairly good but once you add those in it might be thinner margins than you hoped.

Mobile homes are a depreciating asset, However at your purchase price it has depreciated the majority that it will assuming you continue to maintain it.

Your heirs benefit by inheriting your real estate portfolio at its fair market value at the time of your death and avoid capital gains completely if they decide to sell. 

I went through the painful process of switching servicers to Land Home.Joe was patient and flexible as I was fairly new to note investing.In the end, I left Land Home for another servicer only to come back to Land Home 6 months later when that servicer went out of business.No servicer is perfect, however I will say that the more time you put into building the relationship with your servicer the better things become.