Looking For Holders Of 1st Or 2nd Trust Deeds Or Mortgage Notes.I Have A List Of Hungry Investors.

. - Consider "Preferred Equity" - a codename for what is really a form of secondary/mezzanine debt, this might generate a preferred 8-10% return, and gets paid before equity holders. - If using debt, consider subject 2 or assumable mortgages (if house-hacking).

With voucher holders running the gamut from having to pay 30 - 70%, how critical should I be of this income requirement?

@Daniel Shuler I think whats going on is that a lot of those buildings you are seeing are owners who are long-term holders and are willing to wait until they either get a buyer at their price or until they NEED the money in which case they might sell. 

What I have seen is a lot of brokers promising the ability to be able to put these together and then be NOT be able to perform or they will stall so that the note holder is forced to collect a few payments using any tactics they can...If the buyer has at least 15% down, and a credit rating of 600 or better, we can give you a commitment in advance, if you structure the note using our suggestions.

Sometimes I see another Tax Certificates Sale (by another entity) shortly after the Lis Pendes is filed (by the first TC holder). 

@Rick Hernandez - the 1st position lien-holder may have approved without really realizing their was a 2nd. 

My thinking was to spread the risk across several small liens on nice, preferably mortgaged properties, hoping the owners or note-holders would pay up.

In order to gain actual ownership, the lien holder must foreclose on the property, actually on the security interest, I.e. 

I am a bit new to real estate and I am looking to rent out a prospective home to a section 8 tenant/ voucher holder.