The not so great guy keeps catching up but only after being served court notices and all of that costs money.I'm not SUPER concerned at this point.

I realize you aren't really making payments (which is a good way to catch your sham transaction) but the note holder has interest earned, was that accrued income claimed, are you on a cash or accrual accounting system?

I think you're too cautious, moving too slow in your time table.I'm guessing you have been studying RE by yourself, reading about it.Also guessing you hope a local mentor will teach you all they know.Going slow can be a good thing, it will also keep you from success, miss opportunities, slow your experience and learning the big picture.You might catch what I said about specialization in RE in your other recent thread.

You have to catch them at the curb.

With Absentees, you have to have a wide enough net to qualify your prospects (this is done with your list) and a deep enough net to catch them when a distress might hit them (done by how many times you reach out and touch them) Just being an Absentee is not enough reason to sell at the price you're going to want.

., you probably are spending a lot more than you think you are.Of course, you won't incur all those expenses at all times, but over the long-term, they will catch up to you.

Got this email tonight:"Hi Arnie this is Xxxxx just letting you know that we know that the water bill is past due and will be catching up on that.

I have seen many rise and fall and I have seen some unethical kids run the quality business their parents or grandparents built into the ground... but cutting corners and skirting the rules eventually catches up.

That said, it is easier to catch flies with sugar than vinegar.

Chuck Catchings I actually haven't considered Pittsburgh because it's a bit further away then I would like to go right now.