If the note is non-performing out of a bank your due diligencs will be different from buying a note granny has from the sale of her home.

In a typical subject-to deal, there would be a contract or agreement, and the seller's only remedy would be to sue for performance or for loss from his buyer's failure to perform.

Not really sure why, but it is one of those hidden expenses that can drastically effect the performance of your properties.You are smart to be keeping a close eye on it every year.

Hi Thomas,That's a very vague question with multiple answers.There are areas that cash flow only , appreciate only, and then some areas have a mixture of the two.There are totally vacant buildings for rehab, value add semi -performing , and fully performing properties.

Would be interested in hearing how the real estate market is performing in Cincinnati and if commercial is experiencing robust growth.

I just found that Smart Move does not perform rental history check or Employment verification check.

That is a caution to the creative minds out there.As opposed to a sale contract where both parties are obligated to perform, an Option is, at the election of the Optionee, they are not obligated to perfom any function or act.A contract that is contingent on performance of the optionee is not a true Option Contract.

How many calls have you received from borrowers who needed last second money because another lender flaked out and didn’t perform?

I take issue with that; I think I am performing a real public service by giving people a place that's safe and decent.

Depending on what your goals and strengths are will greatly influence the best strategies you should employ.I agree with Ratho, Dave Van Horn has excellent info on non-performing notes.