@Glenn Mayo I think what you may be referring to is that some old (and recycled) guru advice was to purchase low interest performing notes at a large discount, and use them to trade for real property getting credit for the note not at what you paid for it, nor at the fair market value, but at the face value of the principal.  

How did it perform during the crash?

My SFR rentals that perform well are at or really close to the 1% rule.  

Number of the attorney, plaintiff information, defendant information, sale date etc.I print out a bunch of these forms go to the courthouse and perform searches on sales that resulted in third-party buyers.

This is different from a "Performance" code requirement, which has to be designed to meet the criteria.  

All you will do as a broker is perform the transaction for them while they learn and give most of the commission to the agent.The marginal leads that are long shots of happening those are passed on to the new agents to learn on and see if they can do anything with it but it doesn't take up a lot of the brokerages time.

I don't think the market will perform well in 2016, but I am staying long.

I've performed over 7,500 residential valuations and my buyers/sellers are primarily investors who understand my valuation background.

Please forgive me for not being more clear.This is a flip.I have the experience of performing the actual rehabs - I've made much money for others (and a small sum for myself) -- what I do not have is the financing experience, knowledge base, and network.

More specifically, sounds like he is in the 'non performing note' business.