The odds of you actually succeeding long term in this business are so slim that unless you become an absolute maniac with figuring out and DOING the "Very Few Essential Things Newbies Need To Do To Get A Deal" then I am so sorry, but you will fail in this business.Prioritize what you need to be spending your precious limited resources on, and get psycho jealous husband with it.

Just saying hello and testing my signature line.

People will think you are JV if you start looking minor cosmetics like that on the first walk through or start testing outlets.

I would remove all asbestos and test water and air pretend you live there.

Any one test real handwritten envelopes vs simulated handwritting?

One bank recently sent me the following opportunity:- Single blanket note backed by 32 condos units in major metro Texas- 90% occupied; avg $700 monthly rent/unit- Current full retail appraisal $1.4m (bulk appraisal $900K)- Interest, fees and delinquent property tax $170K- NOI $1.47m; 10% cap rate- Unpaid balance $1.165m- Asking $1.2mTo me, this doesn't look like a good deal given (a) the fact the note is backed by condos which some investors consider to be a risky investment (b) there is such a slim LTV margin, especially if one assumes that the appraisal is overstated and (c) if one were to decide to foreclose on the properties, the numbers just don't work.Since I know very little about notes I realize I may be looking at this through the wrong lenses so I'd appreciate any comments/input from BP seasoned notes experts!

I was surprised so tested it out and it proved true for me.

I think there is a reasonable chance the property will be vandalized while vacant.If it can pass those two tests, I'll buy in that location...

The principals all seem legit so it passes the sniff test thus far.If anyone has dealt with these guys I would love to hear about it.

(Ownership test)You also must have lived in the home at least 2 years in the last 5 years.