My note investing goals;Buy lowNon-performingHold and collect mortgage payments Resale to an investor looking for performing note Address: 2124 Tullis Dr Montgomery, AL 36111Asking: $42kLayout: 3/1, single family homeArea: CLien position: 1st UPB: $80,968.80Monthly mortgage payments: $719.78Sale comps: $62k Rental comps: $600 per month4 months behind on mortgage paymentsTaxes: $218/year (actual, from county website)Insurance: $217/yr (based on a formula for a home in the 50k-60k range)Here are my thoughts on how to underwrite it: Offer: $28k Fair Market Value: $62k Modified mortgage payments: $650 monthlyPayment upfront: $5kI came up with the 5k based on lawyer fees, BPO, tax for the yr, insurance for the year and servicer fees.

A newly renovated will generally rent much faster.

What is your goal?

@Aaron Maxwell, I think you should set some goals, and then figure out what it's going to take to get you there.

My goal is to keep tenants happy and avoid vacancies (cash flow killer). 

What are you goals post-acq?

I'm saving and shopping for my first multifamily property with the goal of house hacking.

But my ultimate goal is to bring a small group of diverse people together that can motivate, push and learn from each other.

That’s exactly what my goal is, to use for a down payment and to house hack the duplex.

Take it as a lesson, fire them and find a team that is aligned with you, your business model, and your investing goals