So for now maybe it makes more sense to just start with investment properties and rent in a place I'd enjoy living.

Needless to say, the note was overdue and he stated there were issues with the contractors working on the particular site.

If your goal is to learn how to buy notes, then you're not just looking for someone that can buy notes, you're also looking for someone that enjoys working with you and can teach you.My point is that there is more to it than just the numbers.

Enjoy and best of luck.

Be ready to Front money to pay your contractors as you go and then wait for the bank to penny-pinch over every single expense before giving you your draw.Vitaliy

Heck, ask who would want to be on a buyers list for this kind of deal and I think you’d find takers if you want to be doing that much rehabbing and your staff/contractors can keep up. 

But if I use a contractor, and have a bill etc from them, that can all be deducted from profit, correct? 

I have excellent local contractors to do the work as well, and estimated repairs are around 15-20k keeping it on the lower to medium end.

I was wondering if I should get a general contractor to do all of the work or get independent sub contractors like for pouring foundation and framing etc...I was also looking at prefab walls made by wood or steel.

new construction stopped.. all those sub contractors were out of jobs.. they left that's why in areas of huge construction ( minus Texas) market crashed..