I have found the basic information on how a loan mod works, but am having a hard time grasping the exact details.Can anyone fill me in on there loan modification experience, and if it is something that may be easy or hard to add to my portfolio options, and most importantly, is it financially lucrative on a smaller scale?

During stressful times its easy to let your emotions take control of your logic and that can lead to trouble.

Too close to a securities law violation and easy to mess up.

As Yoda might say: Easy it is not.

easy because you're not sitting on land, you're not busting your butt or contractors butt to finish a rehab, etc.you're purchasing with assignment rights and you're buying at a signficant discount so that if you cannot wholesale to investor (a possibility, but more than likely, if you've done your networking homework, not going to happen) - you'll be purchasing a property signficantly under market value (over 30%).with foreclosures - that's different.

What kind of projects are cheap and easy but have good impact.

This seems relatively easy in Southeast Texas, but very difficult in Washington where you would pay almost double for the same home.

There is no easy way to sell part of the house to rebalance.

Hewitt-I can relate, however what you are contemplating is no easy task.

You want your rental to be indestructable and cheap and easy to fix up when the tenants destroy it anyway.