One thing I'll add is that for your next participant loan, the amount you can borrow will be reduced by the highest outstanding loan balance in the previous 12 month period.

We purchased title insurance, and no outstanding balance or lien on the property showed up in our title search. 

I know plenty of people that don't make a lot of money that have outstanding credit. 

Las Vegas has enough advantages that a percentage of the expansions will be in Las Vegas, which will bring more people to the city, who will all need places to live.SummaryLas Vegas continues to be an outstanding place to invest.

At the end of the day, any lender just wants to see that the current value of the home is is more than enough to support the current outstanding loan amount.Hope that helps.

My question is if I want to use these funds (the cash received = appraisal * 80% minus outstanding loan balance) to purchase property for personal use (primary residence), if that creates a taxable event?

I made the repairs and rented the home out without knowing these issues were outstanding (I genuinely don’t remember seeing the tags on the door).

Let's say OP has $100k in outstanding judgments.

Also I get the ability to diversify geographically, and with multiple syndicators to hedge my bets.NPN sounds like potentially outstanding returns but yeah, I would have to partner with someone and not sure I am up for that.Performing notes - I will probably add some of these as well to see how they perform and if I like them.I already max a SEP-IRA with a bunch of vanguard mutual funds (all equities no bonds).

In order to get the tax collector to do this, you pay an application fee And you have to pay off all the other outstanding certificates, along with the 18%/yr interest the county gets on them, then the tax collector schedules the auction....takes about 3-4 months.