The first step is to secure a lender that will allow you to use a secondary source for coming up with the down payment.

He puts up cameras and has an on-site meeting with local law enforcement for a “security walk through”.

Hi, I was wondering if anyone can give me some color on the operational steps involved in purchasing bundles of non-performing notes, in broad strokes. 

I come from a middle class background- education and paralegal work are the world that parents knew not board rooms, mergers and acquisitions, and securing millions and millions of dollars for projects.

another vote for andrew's suvgestion, ask for extension and deliver all units vacant.Typical seller shenanigans, i like to call this market "turd flush time" cause most of the stuff out there are the poor performers, junk, that others need to get rid of!

You can get a much better yield secured by an appreciating asset and that's what most experienced note investors are looking for.

I have carrying cost for both of these properties and none of them are performing just yet.

For some reason no one ever likes to mail anything they want to drop it off so we have a mail box that goes into a secured box to our building so we are fine with that. 

Your biggest problem will continue to be securing financing at the right terms.

Insurance payout if there was an accident on the property, umbrella policy would pay beyond what primary insurance didn't pay.Take care of your property and your tenant and it is unlikely that you would be sued.I have heard that people move the deed into an LLC all the time as the property is still secured by the mortgage that you signed.