My friend works in a bank and they see but the loans are very rarely truthfully almost never called in because they are happy to have a healthy performing loan.

BP Experts,    I have a question about buying non-performing first notes.

I perform a walk through on every property each month. 

I'll guess you have not worked with this guy before but do you know anything about him, like if he can actually perform anyway?

Additionally, you will have set the precedent that you're allowing your tenant to perform repairs on the property, potentially opening up legal issues later if the tenant does further repairs without your permission and causes a problem (or gets injured).I'm not an attorney, but I've had an attorney recommend NEVER to allow tenants to do repairs, and to even put in the lease that they aren't allowed to perform any maintenance.

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.