I do have very limited time at the moment, given my job and two kids (3yo and 3mo), but I have no problem getting my hands dirty or doing what it takes for some freedom in the future.

If I had a limited budget I am buying a laminate floor that has a thicker base 10-12mm than an LVP floor that is 3mm. 

So again, we are using a business practice that works which is limited by how much it can scale, and that once again puts a hard cap on how many units we can run successfully and how passive this business can really be for us.

Pay your tax bill.Can skip on the other standard 10 or so documents otherwise normally needed for preapproval, this is a limited pre-preapproval to see if that is even a good use of your time to locate and send that other stuff in.The above shouldn't take you longer than 20 minutes, tops, plus waiting for turnaround time.There ya go.

Get up a bit early to do your research or research on your lunch break or limit the amount of time you spend on it at home. 

In my opinion, you're limiting the ability to sell your note if you keep the UPB the same and defer the balance owed.We're "stuck" with a barely re-performing note in which the borrower filed Ch 13 BK.

You trade higher risk-higher potenial return for lower risk-limited upside potential.Before you decide either way, just make sure you have an honest conversation with yourself (and/or partner) about your goals and what you can realistically dedicate to REI right now in terms of money, time, energy, and risk.

We have raised S8 rents to far in excess of the stated rental limits by timely notification of a 5 or 8% increase annualy.  

This is often the best option for a first time buyer with limited funds.

Mike:From the limited information you have provided, it appears this might be a good deal, but we need more to really evaluate it.