The key is finding quality notes that are held by folks that are motivated to sell because they need cash.

The state is Florida.I did not consider this first mortgage an issue because I was simply going to live rent and mortgage free in this property myself, rent bedrooms, make good money and recoup my investment in short time (netting 4k income per month if you count not having to pay my current rent).

The extra fees for every little thing are a huge turn-off - $35/day for heated pool and be notified a week in advance OR pay another fee - no thanks. $75 for propane usage - I can go buy a small grill and tank for less than that - again no thanks. 

Too many folks think that physicians have deep pockets (if we do, it's not from just being an MD), so we are an attractive target for lawsuits.

Sometimes you can talk directly to the owners.Use the Internet - Websites can show you houses that are being sold because the owners couldn't pay their bills or are in other kinds of trouble.Check Public Records - Look at official papers to see if a property owner is behind on taxes or other bills, which could mean they need to sell fast.Study the Market - Learn about how much houses in that area usually sell for and how much you could sell it for after you fix it up.Be Careful - Make sure you investigate the property fully to see if there are any legal problems or money owed on it.By using these steps together, you can find properties that might be a good investment because they need work or are being sold at a lower price than usual.Kind regards,

What is their responsibility if the tenant they place doesn't pay?

This pack of gum (that I did not pay for) accidentally slipped into my pocket...This bottle that I did not scan just got mixed with the other bottles that I did scan...This receipt is not really for this pair of shoes, but I want to return it anyway...Sorry that I dropped $10 ear buds into this Amazon return for $200 ear buds, it got mixed up...Should I continue? 

WE have to keep in mind also that each state is different in how they operate with regard to public records.. out east in the states were folks still need a title abstractor title work is completely different than the west coast were most title plants have been moved off shore..

I pay attention to see if they have been renovated and if they have the same amount of bed/bathrooms, also if it has a pool or not.

Listen to your elders and network and attend meet and greets, but don’t pay for special attention.