Congrats on your 1,000 post, that is quite an accomplishment.As far as your note question, I look at the purchase price compared to value, how much the borrower placed down, what year the loan was generated and by who, does it come with reps and warranties (something I newly discovered), condition of security (property), borrower's pay history (performing, not performing, re-performing, how many payments made, credit scores, etc), and area only matters to me that it is not on the downslope of value.

I have been passionate about Real Estate since I can remember.I discovered this site some time ago and have finally signed up to expand my knowledge of the U.S. market.

Also, discover the difference between a depository and non-depository bank.

I did speak with another contractor who thinks we can try and approach the problem in pieces and see if the county will sign off on each component as we go (HVAC, plumbing, electrical, roof, engineering, etc) but again I'm worried about the individual pieces adding up to a total near $60k.Foundation $15kRoof $5-10kEngineering $4kPlumbing/Electrical $10kHVAC ?

Nobody could verify the tenant was out, so I drove over and discovered they were not.

CCIM introductory course on line has many components that will apply to SFR investing as well as commercial real estate.

It was just to confirm my thoughts on the matter, rather than discover the answer.

I'm rather enamored with the idea of living on as little as possible, taking my sizable professional income, and creating a snowball of investments (re-investmenting all proceeds year after year in more investments), until I can eventually retire and take on projects that interest me in my free time, or study, or travel.I just discovered BiggerPockets and watched some video interviews.

Butthe other issue you're going to run into is that the two key components - ACoil and Condenser (I'm no A/C expert so my terminology may be off) - are going to be tough to find replacements for if one of them goes bad.

We have also been focusing on building recently to make some money that will later be deployed to long-term projects with lower returns and lower labor components.