Hi Kyle, that seems logical to me but I studied hundreds of sales from 2015 and the great majority of the sales that went to third parties were significantly below the judgement amount while only about 25% were above the judgement amount.

As far as performing our due diligence can we perform criminal checks or should we keep as far as credit checks ?

I think the 2% rule-of-thumb has its merits and can act as a quick and dirty way of performing a calculation.

Freddie loans are accessed through a network of correspondent lenders, called Seller/Servicers, who perform a similar role as FNMA’s DUS lenders.

Go talk to a CPA in your area and get a second or third opinion.

However, after about my third or fourth investment, and after gaining some experience, I would like to move back downstate.

( A well written (skinny) contract, all the right protection clauses and honest disclosures... automatic extensions.)This business has so many moving parts, seller personalities, dealing with relatives and third party know-it-alls, the estate, seller's agents or lawyers --- be prepared to deal with these gate keepers! 

However, after about my third or fourth investment, and after gaining some experience, I would like to move back downstate.

If something were ever to happen, she would be fined, not the person who actually performed the work. 

I have a little experience in the real estate market when I purchased a family members house, performed moderate repairs and sold it.