He may also be willing to pay you back entirely to save his reputation and avoid prosecution for fraud or acting as a GC without a license. 

If you get a NOD in the mail on the first and you as the investor just make the first payments you eliminate all those expense. and you then prosecute your foreclosure on the second.Now if you and your friends are buying very low value notes behind very low value first that's a nother kettle of fish.

Whilewe wish them well in the future endeavors.Someof the poorly written rental regulations that need to be revised andchanged include the following:EliminateNo Criminal Background Checks.

Ask them if they are working, if they have a criminal background, etc. 

Why would it be so hard to believe if a racist owner sees a Black name, they (consciously or subconsciously) assume they will  destroy the property or do something criminal?

It seems to me that based on neighbors and other peoples experiences with them, they will specifically target and take on people with criminal records and pets who don’t have a lot of options on rentals.

I charge $13 for credit and criminal which is what my local Apartment Association charges me. 

If you are able, and I say IF you can find off market properties and you present your self to the seller as a wholesaler, that may be diffrent, but then you run into marketing real estate with out a license which if I understand correctly it's a criminal offense in nys.

They have absolutely no drug or criminal history.Whew!

Whatever investment you want to make I strongly believe it would be maximized by using life insurance because it is shielded from lawsuits or bankruptcy.This sounds totally unethical and borderline criminal.