My note investing goals;Buy lowNon-performingHold and collect mortgage payments Resale to an investor looking for performing note Address: 2124 Tullis Dr Montgomery, AL 36111Asking: $42kLayout: 3/1, single family homeArea: CLien position: 1st UPB: $80,968.80Monthly mortgage payments: $719.78Sale comps: $62k Rental comps: $600 per month4 months behind on mortgage paymentsTaxes: $218/year (actual, from county website)Insurance: $217/yr (based on a formula for a home in the 50k-60k range)Here are my thoughts on how to underwrite it: Offer: $28k Fair Market Value: $62k Modified mortgage payments: $650 monthlyPayment upfront: $5kI came up with the 5k based on lawyer fees, BPO, tax for the yr, insurance for the year and servicer fees.

Background: I've been looking around for areas just outside of the 610 loop for a single-family buy and hold. 

Is your current rental a single family and you want to get into a multi and that is why your selling? 

I was there every single day I was in town for the entire rehab.

@Jason Postill Every single strategy may and will work out well if you put in an effort and time into it.

I was so fed up I enddd up just paying off all my single family home loans (about 10.

I am looking to pick up a buy and hold single family or duplex property in the near future. 

If you did want to do SFR's in Beavercreek, I'd recommend looking for the single story ranch style brick homes that need a decent amount of rehab.

Greetings, I'm Sean Vitale and I found my way to BP through Mister Money Moustache on a search for financial freedom. 6 months ago I had no financial plans and I almost bought a single family home with no understanding of what that meant for my life or how it factored into the big picture. 

Earlier this fall I purchased my first investment property with a partner @Josh McQueen, a 3-2 single family near Ft.