Offer to pay for any that they collect for you - this will give you a lot of insight on your competitors.Once you feel like you know your audience and your competitors you'll be ready to create kick-*** mailers, that aren't the same as 10 other people and a total waste of your money.

I mention depending on the contract type because some bank contracts aren't assignable.Basic Training Question-  What Is A Title Company  

Why aren't more people signing up with a local bank that can do portfolio loans, has a commercial lending department and they know who you are when you walk in the front door? 

However, having another job is going to be one of the biggest factors in this, particularly if the other job is full time.It is honestly very difficult to say with a straight face that you work 40 hours per week in a job and 41 hours in real estate without pretty much anybody raising an eyebrow at it.The other issue is, even if you don't have a full time job elsewhere, being able to honestly say that you spend 14 hours a week in real estate is also tough if you aren't in the middle of a remodel almost continuously.I'm not saying you don't qualify.  

So it's possible, but the terms aren't as good.How do most REIs get around this?

Since I am some distance away  I tell potential renters to confirm about 1 hour before or I will assume they aren't coming, if I don't hear from them I don't go. 

Apparently there are some title issues (still trying to figure out what) and since I requested/paid for a Warranty Deed they aren't willing to go through with the process.  

But for like immediate cash flow type of passive income, you won't get it in those areas.Notes and all that work, but they aren't properties in the areas you mentioned, plus you lose out on a lot of passive income with notes that you would get with owning real property.

I've never heard of any such law and am pretty sure there aren't any.

In other words, banks are permitted to own a tax lien where there is still some hope that the homeowner will redeem, but as soon as that looks unlikely, the banks are supposed to dump the liens because they aren't supposed to own more than a certain percentage of non-performing assets.Not having read Dodd Frank in detail, I couldn't really call BS on it, but this is not my understanding of the overall content of Dodd Frank.