I have seen a lot of this one BP were investors have no clue as to the repercussions of being a junior.. its OK if you know what your doing .. but for the average investor who has never lent money or new to the game junior position investing is highly risky for exactly the reasons splained above.  

The only thing you have to be careful of is him saying well you let it go on all this time, so the notice is a good idea to establish your position early. 

I am new to this investing game.

@Danny Webber thank you I appreciate the truth and if I need to take more time building my cash pile to have more skin in the game by maybe wholesaling or just working than that's fine.

Hi - completely new to the game of rental real estate.

Judging from the first few pages of the beginner's guide, I think we're looking at possibly doing some buy and hold strategies on single family homes and duplex/triplex/quads, since we both love our jobs and aren't quite ready to jump into the real estate game full time.The amount of information to read up on and understand is dizzying, and I have never so much as held a mortgage of my own. 

Lenders want you as an owner to have "Skin in the game".

Study them and decide on the one you will be putting all your efforts on.Lastly go ahead and look at the different options you have to start getting involved: Go and work for an established local (or not) that does what you want to do, become a member of an investor club where you can potentially partner up with experienced investors (you need to bring value), start deploying some capital into some passive opportunities to start learning the process, start buying some properties with your own capital and grow from there....I hope this is somewhat helpful.

For the most part it doesn't matter and is purely a numbers game, but you will probably have less competition if you avoid the absentee owner lists as that is seemingly everyone's first stop.

There must be a reason why.Rajah your quite amusing... this is an investor buying a property.. the other lady is trying a sales gig she never did before apples and oranges.. we buy property at auction most every week.. its the name of the game.