Hey @Maurice Evans - was this something you discovered when looking up low cost ways to make another acquisition? 

They should be replaced whenever discovered.

There is no doubt that this was just one of many shipments, the overwhelming majority of which never get discovered.

@Justin RobertThe preferred terms would depend on whether it is institutional note or seller carry back note that you are looking to sell.

Doing this usually takes time (and money) to unwind later when it's discovered as sub-optimal.

But it's just that, a quick reference, and institutions that are going to trust you with large sums of money are going to use a lot more to determine your "trustworthiness" than a number that pops out of an equation. 

Not suggesting that you take this route, but the reason for mentioning was that many of the investors that I networked with discovered that I had the GC license and "hired" me as a consultant to run their rehabs.

It started with reading Rich Dad, and then discovering Bigger Pockets.

That’s when I discovered flipping mobile homes was far easier with far less money and far less risk and worry.

I discovered a very wealthy investor while looking for a new place to live.