I'm going to say what nobody seems to say.If you aren't part of the political "in crowd" there, chances are you're due diligence efforts are going to be wasted.If you are talking to receptionists,,,,,,,,,,The guys who get there deals done, have the real decision makers private cell phone numbers, and know each other on a close first name basis

You need a discount off the current retail price for it to be a money maker.

I wanted to maker out but I can't.

Dawn,The reason people buy notes because they are money makers if you buy 1st non performing.

He should not be able to just not make rent payment to you because he thinks there is mold there.

Anywho if you want to have a "Automated Deal Maker" you can hire a virtual assistant from oDesk.com for $3 and hr and have them work 2 hours a day on a 5 day week. 3 x 2 = 6, 6 x 5 = $30 a week.

And they can learn how to get paid, too, by bird dogging.When I started, I didn't know any better, so I subscribed to a list of defaulted property owners and drove around, knocked in doors and found people who were in trouble.

It really is imperative that you have a loan officer in your corner that knows the rules and or has a great support team (processing, underwriting and a major decision maker at his/her disposal)In regards to your plan I think it's great and just remember that a lot of lenders don't go under 50K to lend.I hope this helps and good luck sir.

Furnace is off and it was about 20 degree outside.everyone was watching this guy testing the air sample, indoor was maybe 30 degrees.   

This is a not a profit maker but I cant afford to lose too much in the process because I am not making a profit.