Experienced Notebuyers,I'm considering adding performing 2nds to my portfolio (both true performing and reperforming) and I wanted to start a discussion on what range you are seeing these notes selling for.  

I am interested in successes of those who have been able to perform wholesale transactions in Oklahoma successfully...semi-virtually. 

Specifically, the ID Validation that is performed in a 'typical background' regarding SSN is:1.  

I would use an attorney to close if that is an option in your state, closing costs are minimal as no appraisals and other fees are required by a lender, I would take it over lease it and revisit in a year, I would scrub the repairs to what ever is needed to get it rented and then perform the other maintenance and upgrades over time.  

You want to perform Financial Due Diligence first, and then if the numbers check out, move onto physical due diligence.  

Here in MD, the law states that anyone performing contracting work on residential structures (i.e., those with four or fewer dwelling units and the interiors of condominiums) must be properly licensed by the MHIC and will have one of two types of licenses: Contractor or Subcontractor.  

Read other books and get really good at evaluating the performance of a property.

In the future I might like this to get something cheap with a cash offer and fix up as needed.Ideally I want to get equity as the person who finds the deal and puts it together, and in the interest of retaining a competitive advantage, perform improvements needed as a Cost-Plus arrangement where I can cover my Company's COGS and Overhead.

For example, how to have someone perform repairs to get it ready (without me being present), what to do with the furniture that's in there, etc, etc. 

I have a pretty crude proforma built, however if there is anyone who knows of a more detailed tool better suited for multi-family that would better capture performance/returns factoring in the delayed start of lease-up and absorption rate from there, I'm all ears.