My note investing goals;Buy lowNon-performingHold and collect mortgage payments Resale to an investor looking for performing note Address: 2124 Tullis Dr Montgomery, AL 36111Asking: $42kLayout: 3/1, single family homeArea: CLien position: 1st UPB: $80,968.80Monthly mortgage payments: $719.78Sale comps: $62k Rental comps: $600 per month4 months behind on mortgage paymentsTaxes: $218/year (actual, from county website)Insurance: $217/yr (based on a formula for a home in the 50k-60k range)Here are my thoughts on how to underwrite it: Offer: $28k Fair Market Value: $62k Modified mortgage payments: $650 monthlyPayment upfront: $5kI came up with the 5k based on lawyer fees, BPO, tax for the yr, insurance for the year and servicer fees.

@Julian Pilate-Hutcherson We work almost exclusively with OOS investors and it's a mixed bag...I sold 3 MF properties this month to folks that have never been to the state...and I have another set of clients that have been in the market for months and make routine visits to the city...I think it has a lot to do with comfort-level...truth told, we can leverage technology and get every possible detail on the table for review to make a pretty informed buy/pass decision...combined with an inspection and appraisal, there is really no need to be here in person looking at deals....

I get their name from the County or probate or whichever list you are working on and then skip trace the names/address to get phone and emails.  

Run the address against the state tax website (treasurers website usually) and see if it comes up with owners info.

The systems and processes we have built during this year from the previous purchase has really helped us by identifying concerns and how to address them quickly and confidently.  

@Andrew Postell that post is exactly the detailed information I was looking for, thank you!!

The mentioned house looks reasonable to me , recent renovation , ok-ish size, realtor link:https://www.realtor.com/realestateandhomes-detail/...Not sure if it is qualified for 1400 range :)

Without an address to look at it hard to say.

Again, as one poster said you, included the address etc of the violation, in your OP, so it's public knowledge now.

If they have a bad model and it does not align with yours then it falls on you to address it and fix it or remove them from your compny.