I disagree with the suggestion that the owner will just do it on their own because this isn’t as easy as most think it is.

I work full time and trying to save money for a wedding.

This also helps us to make eviction process very easy on any tenets we have been having problems with by sticking to the process and having it work for us.Hope this help,ART

first you have to decide what you want to do in the note business.. what most of the responses are talking about is buying bad debt.. and 2nds at that which this is the most risky and the most work..if your looking for work and risk and job then that kind of note investing is for you.If your looking for Passive income with no work and Limited risk then you simply need to align with a great HML who takes on private clients or those that understand where performing notes are generated.. we have done over 1700 performing notes for clients that last 5 years and really don't advertise at all. simply because once you get conservative investors in your program it just feeds itself.. deal flow is the key right now.. most have a hard time finding quality. finding defaulted seconds is easy.. and the most risky. 

Seems a little too easy and looking for the cons..

Easy system to see what tenant posted payment.

There are many people that like that because of public transportation and easy access to major highways.  

I'm familiar with that notification since it is the same as with easy permits when a contractor name is required. 

With that said, I am able to and willing to do some fairly easy upgrades such as flooring, paint, windows etc.

You don't want rentals on the street you live on for an easy understanding of how effects actual value.Look in predominantly tenant occupied areas where it's accepted as the standard & rent drives demand not agent listed value.