Once you are sure all of them are out repair the hole correctly.On a side note you may want to open the bottom of the bay they were in to get the guano out.

I am a newbie in the Real Estate Note Business, I have been laid off my job, and I really need to do something to generate cash, so I kept hearing about the real estate note business and decided to give it a try.

You need to figure out what the local rents are, and see if they're well above your payment (read the sticky threads in the Rental Property forum about expenses).

I am new to this site and would to interduce myself. my name is david wolvington and I buy deeds of trust and private notes from people looking to sell. if i can help contact me

You will generally have to personally guarantee the note and qualify based on your own credit.

Then start leaving notes on the door with your contact info letting anyone who checks the property know that you are interested.

.($440k * .10 = 44k making combined LTV 80%)We have been doing this on our BRRRR Deals to continue growing our Line of Credit to allow us to get into bigger deals, flips, private lending, notes ect... 

Can someone, in layman's terms, describe the difference between a 'First position' note and 'Second position' note?

As Shahriar noted, though, if the land is worth enough or valued enough, I'd look to get him a construction to perm loan, especially if he already owns the land. 

I hadn't really ever thought about just doing the cash out refi to have cash and not pay any taxes.This got me wondering, what about putting small multi families on as fast of a note as possible?