After a while they are still spread thin and they are in danger of going into default....I guess my (maybe flawed) theory is that this would be a step they try before the foreclosure process begins and you would be getting to them before they start getting mass marketing.

You can access the labels on the left pane (below the default labels like inbox, sent, trash, etc.).  

Obviously there is risks on both sides, me overestimating rent amounts or my ability to get a suitable tenant and the owner is risking that I default on multiple properties that I manage from them.

Then, on a recourse basis, you may assign part of a note at the note rate, you guarantee that payment, if there is a default by the borrower, you continue paying, or you can set aside more of the note to compensate for default and foreclosure or you may have a combination of arrangements to hedge any loss.Someone has to be sitting in first position too, first dollars collected goes to which holder?

Jesse - dont you want to avoid 2nd mortgages - if the person - no fault of their own - medical emergency, layoff from 12 years of steady employment etc happen - defaults you probably get nothing.?

Michael you don't have the deedContract for deed, Bond for deed, agreement for deed, land contract, are all agreements the don't give you strong title.Even the title on a wraparound mortgage is a strong enough to do things is Bill G wrote above.I'd check with your attorney about subject to existing financing and getting the deed.When I do a subject to reassure the seller that the payments will be paid I offer to hold a warranty deed in the name of the seller in escrow in case I default to avoid foreclosure.Also a warning to anybody doing a wraparound mortgage or a subject to, The loan could be called due, not that it's going to be called due  but it could be called dueWhat this means is you should have some kind of cash and credit partners available to be able to get a private mortgage in case the loan is called.Another alternative is for you to be able to qualify in credit and down payment for that existing financing to be rewritten.

I would like to gather information on getting a list on land property owners that have defaulted on their property taxes for the first time.

Now I have about 150 pieces to specific individuals whose names I got off the Notices of Default section of our local newspaper. 

The component of bond (or note) pricing that should concern you more than the inflation risk premium is the "default risk premium".

Don't know if you'll ever get caught or not, but you are likely in default on your loans.