That's a pretty sizable loss that would probably be worth paying the deductibleI have spoken with them briefly, the plan is to gather some more information on the damage and see exactly where we stand.

Yes, if you have a performing note, you can sell a partial-- a fixed terms of payments-- to a third party and use the capital to buy another note.

The most important part is to show up.  

The deceptive part is the principal portion you are also receiving.

We have given notice to the current 3rd party management team that we are going off on our own and kicking around the idea of doing 3rd party management ourselves for other operators.

That's not what I'm asking about.A year later, on 12/16/2016, at the original maturity date of the loan, the maturity date was extended another year and a new document, entitled "ASSIGNMENT OF LEASES AND RENTS," was signed by both parties.

It's hard to stand out.There are some owner-occupied segments with people who share motivating factors for selling their home.Seniors with Long-time Ownership: often ready to downsize or transition to assistance.Homeowners with Low Financial Stability Scores (FSS): Struggling financially and likely ready to cash in on their asset.Both these categories have additional advantages in that they probably don’t haven’t been updated and may have deferred maintenance.

I have many leads that need followed up with that haven't been touched because of lack of time, and I'm doing minimal marketing as of now because the few leads a week that come in, I have trouble getting to them as well.My business is in a stand-still and essentially losing money because I know I've missed out on deals because of either lack of follow up or not calling back new leads right away.I plan on hopefully being able to go part time in the next few months, but in the meantime, how should I handle this?

I too would get an extension on the escrow and my contingencies and hold off on inspection until you have green light.If the seller is getting sued and it is moving forward there is a good chance of him filing BK.If the property is directly involved that suing party may file a lis pendens and could tie you up.What are your damages if seller can not perform, you can file a lis pendens and ties it up on your end.Get title info if you can and seek counsel of attorney or be ready too.Can you close before all this pans out, maybe and if title is clear and you cover your bases might be something to consider.Or might be advisable to let it go and save yourself the headache but that is dependent on the deal itselfKeep us posted

I didn't even know if that was possible, I'm thinking the proper way to go is to flip a few, get my personal score up and then refinancing myself and paying the other parties their investment plus return then own it alone and manage it for the cash flow.