However, if you can locate any relative of a deceased property owner, so long as the relative is in the line of inheritance described by your State's Law of Intestate Succession, https://statutes.capitol.texas... or https://www.stewart.com/conten

In the hottest areas of Austin, I've seen them go as high as 25%.I ran into a situation like you're describing a few months ago.  

The situation that you described above, is exactly the situation I find myself in.

Next, a "cap rate" (short for capitalization rate) is a term used to describe the rate of return an investor can expect from an income property.  

 A park like you've described doesn't need much attention, unless you've got a collection issue, or high turnaround.  

Heres a video that describes how I use the above legal pad 3 column method to talk about Selling w and Agent vs Renting it out vs Seller Financing.https://docs.google.com/a/reiskills.com/file/d/0B4...No links or ads.

If you approach your investing like I described, you too could be investing on steroids.Joe VilleneuveREcapsystemA2REIC

I just described a farm sale I attended less than a month ago.

Overall I feel like note trading or dealing with note brokers on an institutional level is not for me, and the "plays" described can get a little hairy and then insuring them etc etc... that's all a little too much for my taste.I had never really considered notes as a "thing" to trade in, but that podcast opened my eyes to it.

As real estate takes off and you become busier you will have to decide how to juggle it all or what to cut etc.I have a new agent starting that has a full time bail bonds company and wants to start real estate on the side as you have described.