You then might be able to present other options to the owner of the property the servicer could not because of constraints with the loan servicing agreement.Before considering buying a loan you would need an audit on the note making sure you have 100% true chain of proper transfer where the borrower could not try to claim somewhere along the line the mortgage was invalidated or not properly transferred etc.Dave Van Horn on here has bought a lot of mortgage notes so might contact him if interested in that type of thing.

The aggregate amount of IRA distributions taken by an IRA owner that may be treated as qualified first-time homebuyer distributions cannot exceed a lifetime limit of $10,000.A first-time homebuyer is an individual (and, if married, the individual’s spouse) that had no present ownership interest in a principal residence during the two-year period ending on the date of acquisition of the principal residence (IRC Sec. 72(t)(8)(D)(i)(I)).

I attend several times a year they seem to always have 15 or so properties presented plus what ever is posted on the face book page that moves between meetings. 

And the wholesaler didn't know that about 1,200 sq ft of the home was termiteinfested (present tense) and the well had a sulphur smell so strong it would know you down (utilities were turned off).

There have been several offers presented, guessing in the $300s, but the owner has not even countered.  

FYI: I am at a stage now that how they respond on the phone or how they present themselves at the showing, I know if they are a fit.

Our contractor presented us with a price list tallying the work he's done so far.

By paying down more principal it reduced the risk that higher interest-rates  presented.  

Is the present management responsive?  

Otherwise, the only numbers that matter to you are: the FMV of the house in its present condition; the FMV of the house after any repair/rehab; the FMV of the property as a rental.