I would look into placing that equity into properties that are performing.

@Morgan Merritt MLS listings for investment properties usually include a breakdown of gross rental income, annual expenses, even cap rate right in the listing info, which should be enough to give you a snapshot of the (supposed) past performance of the property and run your own preliminary financial analysis.

Two forms of notes can be bought: performing and nonperforming. 

I will say that my independence properties have by far been my highest performers of Mubarak portfolio. 

Say, you close a property in all-cash, then what lenders are willing and able to perform a Delayed Financing refi for you within 6 months of your close?

So you take your yearly net of $3600/yr, divide by your $130k in equity, your return on that equity is less than 3%.I do evaluate my rentals again after they have appreciate, and I've sold 2 rentals over the past 2 years because they were no longer giving me the return I needed, and I could reinvest that into better performing properties

Hey BP Community,I recently purchased my first property in Milwaukee, and I am currently performing sustainable upgrades on the home with the hopes of renting it soon.

If it’s non-performing too, in many cases (maybe most), your note and investment gets wiped out if they FC. 

A properties and A performance from you as an owner attracts and retains A tenants. 

I would love to hear about peoples direct mailing campaigns since i will be consistent about mailing out to my list until i find success or after 6 months to readjust the marketing strategy.