"Notes" are a loans on a property and in this instance it is given either to an owner occupant or a buy and hold investor.

For instance, some counties require you to attend the auction in person, and only some are done online. 

I'm interested in how the series LLC works mechanically.For instance if I own ABC LLC, under which I form DEF, GHI, KJL series.

For instance, if you are doing mailers, track where you're sending them, your response rate, deal rate, etc. 

For instance, if the employers in the city are highly concentrated to one industry you have large risk when that industry goes under you will have no tenants and your house value will tank. 

For instance, we have the ability to source some materials from distributors instead of big box stores.

@James Wise stepping back for a moment from this "specific" instance, any business owner must assess the cost of going forward with an eviction of a coast guard member.

For instance if you had $100 million  and you only need $100k per year, i'd tell you to go invest in CDs or US Treasury because its safest and it gives you enough to live off of. hope that helps. 

For instance we cannot compare workforce housing to luxury housing.

For instance, in my 2nd flip, I've allowed the contractor to come up with what he thinks is best for the property and I trusted his 24 years of experience.