I guess I just wanted to get a sense from people that have been in my shoes with no experience and went head on into multi family properties, out of state.

I dressed up, shined the shoes, and spent the money I had left meeting face to face with people I knew had money.

Only the borrower needs to sign the modification, the seller does not need to be involved, your acceptance of the modification can be made as the new note holder after you buy.Now, to your "exit strategy" you do understand and your attorney understands that buying the note is not buying the property and that you will be in the shoes of a lender to the extent of the cash paid for the note and not the holder of an equity financed installment transaction?

You may think it is BS, but put yourself in the contractor's shoes: How would you feel if you had RE investors asking you to perform all kinds of free bids on porjects that the investor did not already own or control (contrrol via purchase contract)?

Shake the dust off your shoes and move on.

Don't make this harder than it is, you'll be rejecting hundreds of people if you're a landlord, get used to the shoes.

Treat fear like a pebble in your shoe.

Good luck.I'm in the same shoes as Ana Marie.

**Mind you, I'm not familiar with this property, or this particular market of Michigan, so these are just general consideration I would make if I were in your shoes, not to be considered legal or investment advice**

Our 14 year old son passed on the idea because he doesn't like to read and honestly would rather spend money on clothes and shoes versus saving a single cent.