That's a pretty good gig, social life and church notwithstanding.

Lower class tenants often lack many common social standards and need close scrutiny.

While you can communicate with the lender about your interest in purchasing the note, you won't be able to communicate about the loan at all unless you have a authorization to release from the borrower, that includes his loan number, social security number and signature.

I always advocate for joining investor groups on social media (Facebook) for that locale or region that you're interested in.

It used to be, before our country change to socialism, that as long as we applied the same rules to every applicant and documented every applicant's application we could still get sued, but had a better chance of winning in a court.It is super easy today to document every phone call, text message, applications and pictures so we have a better chance of winning in court.

@Thomas Schieffer we have friends (a couple) who have a nice lifestyle living off social security and an annuity.

Mostly social media marketing, SEO, and website stuff.

@Horacio GutierrezAre you referencing to the tax/irs status of real estate professional?

I will have to read the contract/stipulations thoroughly before even giving my social security number.

You can go to Meetup.com to see the next one coming up.To find houses cheap enough in order to get a good deal, have to do marketing ( Direct mail, Cold Call, Bandit signs, PPC, SEO, Social media, tell people you are looking to buy homes, its so many ways).