A house with a similar rent will easily cost me double that.While I understand the HOA fees, aren't those a substitute for the maintenance charges that any landlord will incur anyway?

**Note, failure might be too strong of a noun, but substitute it for what you'd like**Since I am new to the game and the site, i'd say my biggest real estate failure to date would be not getting started earlier.

Let someone else do the heavy lifting and this can be my substitute for "flip" deals that generally don't yield much more than those rates anyway.The rest of the money can be invested in rentals and MFDs to reduce taxes and throw off as much cash as is feasible monthly.

If the bank wants a number that I know "someone" will pay, I wait for that offer to come along and "substitute" the other buyers contract for mine to help the homeowner avoid the foreclosure.Keep in mind I do not make offers on properties in the MLS (too hard to get control of the property and take over negotiations.) and I am working a large volume so I do not need every deal to work out in my favor.

Eventually an "Appointment of Substitute Trustee" is filed at county courthouse.

What is the difference between lis pendens and a substitution of trustee sale?

If you're doing anything like buying lists and direct mail you should definitely have something up the recipient can reference.As much as I love BP blogs, it's no substitute if you're marketing locally with investors trying to make deals happen.Also, get an email with your domain so with each email you send out from it you are doing something to spread the awareness of the site that doesn't require any extra effort.

Don't be afraid to take action, reading the forums or listening to the podcasts are not a substitute for real world experience.  2.  

We could have substituted the collateral.

A deed transfers title–that’s all.The assumability issue is relevant in determining whether or not the lender will allow substitution of one obligor on the note for another.