If you buy a t a big enough discount like Bill Gulley suggests it doesn't matter.Bill, I am curious how you prefer to source notes with significant discounts and what the yield is based on the coupon and your discounted price.  

Then we get into it; and realized we hated swinging hammers, and knocking down walls, or we hated dealing with the 3 T's (tenants, toilets, and taxes), or whatever...Remember:(1) There is no need to "buy yourself another job".

And since few agents really understand all the other "outs" the TREC contract affords a buyer, it betters my position as a seller when there is no termination option period.

There is a huge demand for decent, affordable housing in my area.

I do not have the money to afford 25% down payment on a second home.

It requires less cash to get into the property, you have fewer holding costs because you've combined that with your own monthly housing costs, and if things go much slower than expected, as they always do, you aren't going to lose the property – unless you bought something you cannot afford.

While these types of funds may carry high interest rates, it's often not a bad solution if its for short term and you can afford the carrying costs. 

Please post the solutions you find, even if you don;t take them.  

Here is a short video of what's going on: http://screencast.com/t/qt93Kd1HI'll use the direct link suggested above in the meantime ...Thx - Michael

If it's vacant.. the motivation is likely higher)Inherited Properties (These can be pulled manually) If it's not F&C they inherit the mortgage too, often they can not afford two payments and need to sell quickly.Evictions (These can be pulled manually) Frustrated landlord that doesn't want to go through the tenant process again.Delinquent Taxes (Some states are tax lien - like md, others are tax deed states).