When a borrower gets behind on payments, other categories go up, but the UPB stays where it is for NPNs.Corporate Advances- any recoverable fee that the lender makes to protect its interests under the terms of the note: forced place insurance or payments on the borrower's existing policy, property taxes, property inspections, fees paid to a trustee or attorney for foreclosure actions.Escrow Advances - if the borrower has an escrow account for property taxes and/or insurance, some lenders will differentiate these advances corporate advances.

I've seen hundreds of out of state investors buy existing rentals in OKC.

The quality of tenant is the variable, most people that need section 8 are good people who just haven't quite figured out how to improve their situation in life, they just want a place to live and will generally behave if they have a solid, clean, safe place to live.Make sure you check local laws and rules around section 8 so that you don't get yourself in hot water, perhaps get in touch with the existing owner/property manager and see what there experience has been with section 8 and especially the current tenants. 

Hey everyone,I have a Condo complex under contract (18 of 24 existing units) that would give me 75% ownership of the current HOA.

Example: Say there is a distressed seller and they have a loan on a house that is 190k and it is worth 205k If you were to wrap their existing loan with a contract for deed for what they owe, 190k and the same interest rate (say 5%), $1300 monthly PITI but instead of the term being 27 years you have a balloon for 5 years.

The more I research and network, I am coming to the realization that they are almost non-existent unless I want to put up a down payment for 650k+.

Existing tenants mean no turnover cost for the unit.

1) You want to get a specific easement that only encompasses the existing equipment2) Longest term easement (perpetual) for the most amount of money.3) Future landlord will receive a % of any future revenue these companies bring4) Make sure your agreement has some type of relocation language.

@Wayne Smith I don't see any budget for repairs on purchase, which is fine if there is an existing paying tenant there and they are happy.

As to exits (beyond the aforementioned investors), I could leave the existing financing in place and add it to my rental portfolio.