It's a declining biz model.....the city is trying to crack down on them, and insurance co.s are pushing back on the testing charges (which is where the profit is).

How's the cashflow going so far?

I am very new to the space and brand new to the bigger pockets platform.

Man, thats awesome, I would love to start buying at PreForeclosures, how did you find the lender?

I might have to set this up for our MTR's. 

Or, if I  sell $500 of a $600/mo payment, I'll create a Ammortization schedule for the borrower and their payment comes from the Servicer.I prefer to use the Partial method and also Collateralize the loan. 

I have to scroll down to find the original post, so I’m reading the responses before the actual post.  

Not without the bank signing off on it.

You have a leg up on most in that you understand regiment, organization, responsibility, and dependability. 

The property is a 6bed 2 bath duplex.