Hoping to learn more about: best practices, risk management, legal Considerations, and most important building long trust term relationships with borrowers.I deeply believe in the power of community and learning from each other's experiences.

Does anyone have personal experience with this?

@Wes Blackwell  one must be aware of the anti equity stripping laws probably good to caveat that preforeclsoure advice.. there in Oregon you must be a licensed pre foreclosure person to even engage with helping folks in foreclosure..

@Jonathan GreeneAgree 100%. be transparent and if good news great - bad news - still share it with investors - realize they are making life choices based on what they may be telling you as an example of someone has $100k investment and you fear it’s going to go to foreclosure - well maybe they would not spend $10k on that vacation or buy a new home knowing they are getting wiped outUnfortunately there is a group of guru syndicators who are great marketers / sales which some I have personally spoken with and they are so full of it and just like to hear their voice their ego gets in the way.

Quality Assurance:You can personally oversee the quality of work, ensuring that all tasks meet your standards and avoiding potential shortcuts that some contractors might take.5.

It can definitely be frustrating.One thing I'd encourage your friend to keep in mind is that the tenant is a person and their housing depends on this process.

Title companies often have a business development person that goes after real estate investors, offering foreclosure lists as an incentive.

@Anthony Quint I personally decided to stay in CAN and not venture into the US.

I'm working to get my personal finances well established/understood, which I think will help me determine my best path forward.

Personally I have never heard of them.