You can also sell them on sites like paperstac, debexpert or others as well as brokers like Mission Capital, Rams or Phoenix.Depending on quality of paper and interest rate will determine sales price - also I would say self servicing can have a negative impact on the sales price as the major players in the space are not fond of self servicing. 

As a major part of my work, I need to research properties, and then skip trace the homeowner to make contact.

My business partner owns a number of real estate properties he actively manages, however, the majority of his income comes from his other business.

‘I agree the vast majority are small investors, or new to passive investments.  

So, in my market the VAST majority of homes an investor will invest in are "older".

While Vegas might feel like a good choice because it’s closer, let me make the case for Panama City Beach or Destin—they’re the kind of spots that could turn your first investment into a major win.Here’s the thing: PCB and Destin aren’t just beach towns—they’re vacation magnets.

What are some pros that I can highlight from the seller’s perspective.Here are a few that I’ve come up with:1) monthly income at a higher interest rate;2) avoiding a larger tax bill by reducing the purchase price (on paper);3) a promissory note that they could potentially sell down the road.Any other major ones I am missing?

@Aaron Gordon  we did the student rentals down here in Narragansett for  a long time and the more accurate screening was getting the major.

For older properties, expect a higher CapEx due to potential issues with major systems like roofing or plumbing.

I’ve found weekly check-ins and a shared project tracker to be lifesavers, helping you spot delays before they become major issues.