Tyler, A note holder rarely wants the property back and rarely hopes the borrower defaults.

Your QI does this by creating a corporate entity referred to as the exchange accommodating title holder that takes title to the new property and then holds it until you sell your old property.  

It must make sense for some banks/note holders to just offload non performing notes to investors rather than go through the foreclosure process.My problem is I still have limited info from the estate of the deceased.

The key was when I submitted a request to waive the occupancy requirements by the mortgage holder of my SFR.

Why let that mortgage holder be anyone other than yourself?

@Chris Seveney I think I read somewhere that you are able to make a claim for it (being the lender/lien holder) if the homeowner never claims it within the allotted time.

Indeed the lender, agent, and PM are usually the bedrock of a real estate investing team, but this can vary depending on your approach.If you are going to be heavy into BRRRR then having a solid contractor and a solid agent or PM could be the critical backbone, but if you are a buy-and-holder then your PMs maintenance team will likely be sufficient for your needs, making the PM a high value asset.  

The tax lien holder collects any interest and penalties.

Thereby saving the other 3% of the commission.Maybe I'm wrong, but it seems like there are far less conflicts of interest with a dual agent on a short sale than on a traditional home sale.That would get the price down below $465K, the agent gets a solid buyer, and the bank/lien holders would still get the exact same amount they previously negotiated at $475K.

If you buy a delinquent note, chances are you are not a “Holder-in-Due-Course”.