So if someone purchased a performing note for their own portfolio & it later becomes delinquent, can the note holder contact the homeowner directly to try and work out an agreement, modify the loan etc. to avoid a foreclosure?

Also would an owner financing deal work out safer to keep from hurting the seller in the case I can not afford prolonged monthly payments?

You need to work out partial releases from a blanket obligation, be that a note or in a business agreement.

As far as what to consider, it really doesn't matter which type of property you buy as long as the numbers work out.

@James Ramsey Like Jerry and Kyle, it really depends if the numbers you want work out.

The landlord may not let them out if they think the building needs a bunch of work to re-rent with time and money.Really BK doesn't need you to work out options with the existing landlord.

I know that the numbers in this deal will work out, because we're most likely going to get the property (or properties) at a very low price.

It takes the guess work out of knowing where we are in the cycle and the smart financial decisions to make.It has made and saved me a lot of money and allowed me to survive the big downturns.

If the numbers work out, everyone wins.

It will get you in the game and if for some reason it doesn't work out, you can sell the single family fairly easily.