@Jay HinrichsThanks Jay.Most investors buying these properties from our of state or nation do not know the expert tips from people that have had a foot on the ground for many years.I am fortunate to have learnt from some area experts here on the ground that still look after these things for us and make the numbers work.I sure have seen the oven method many times.I have also been collecting rents from great people/tenants that sometimes have to be short $50 for that month due to buying food or other bills.The rents must be kept affordable otherwise the tenants will not stay long.Thanks.

In commercial certain corps such as pharmacies will pay a premium for corners but then fast food generally will not.

Just food for thought.

As old as it is, who has been attempting collections, or did the holder abandon the note?

If the balance owed exceeds your offer price, the transaction will require the approval of the debt holders unless the seller plans to contribute the difference, which is unlikely.

However you wont qualify for BAH and food stuff even after you purchase a house until a minimum e-5. ....

HOLDER shall have 10 days from receipt of such notice to consider this offer, and if HOLDER accepts, HOLDER shall have 45 days to close.

Food for thought.

Our aim is to be long term holders but we do have private equity and syndicator clients who have a target IRR to hit and once they get there they exit and pay off their investors (hoping they'll reinvest in the next deal of course).

Food for thought.