The borrower has been paying on time and the CFD purchase price to property value is <50% at this point.

A lot of the conversations I had with the realtors that showed it had the same feedback, that for the PITI payment on this property, their clients could probably buy and new build and still pay the same thing (The house was situated rather close to a couple of new build communities).

They are much easier to deal with and there are no hurdles or lender requirements to meet other than paying the note on time every month. 

@Tavish File, it sounds like you would be working to pay MORE money!

I'm more wondering what people are paying per piece for post cards vs. envelopes.

- Have you stress tested the deal to see how low vacancy could go to still pay your mortgage?

Technically SBA doesn’t allow you to pay a second position back for the first 2 years, but there are things you could do to pay the seller back within the first 2 years.

Ask them if any maintenance is needed and how much they are paying for rent. 

It sits on their credit report for up to seven years. it's a warning to other landlords and prevents them from qualifying for a home loan, car loan, or credit card.I've had some tenants sit in collections for years, then pay everything they owe because it was stopping them from doing something.You should consider a new PM.

The $1250 amount would require the landlord to pay all utilities - which we don't recommend as tenants will abuse the utilities if they don't have to pay them.