Essentially, they would be in 2nd mortgage position to the underlying 1st mortgage, but they have the right to foreclose in 2nd position if something happens to you.Happy Investing Derek Dombeck

It entails: getting educated, networking, building your team and taking action.

I am looking to use the BRRR strategy so any real estate agent that has experience with that would be a definite positive in my books.

If you are not familiar with them, you need to be, but the chances that you don't already know about Don Campbell and Patrick Francey are just about nil so enough said.Durham is very much a strong place to invest because positive cash flow is still possible. 

Think of his position.

I’m sure it works that way with proper notice from the agency Prior to the sale, not positive about notifying them afterwards. 

I have statements from his old contractors  telling how much the contractor still owes us, but didn’t know if that was enough to pursue legal action.

I'm in a similar position now myself. 

They will take a percentage of anything they collect and there's no guarantee they will collect anything.An attorney may be able to assist you with collection action via wage garnishment or bank account garnishment.

What neighborhoods are consistently resulting in positive outcomes for you?