What I have found when speaking to attorneys on 1st position notes and getting a deficiency judgement is it can cost $1,000 - $3,000 to get the judgement, and unless they have other properties as collateral your chances of seeing that $ is slim to none and slim left town or you hope slim hits Powerball or megamillions.

Negotiate from a position of financial strength!

., you are putting yourself in very precarious position if anything goes wrong and you have deployed ALL of your capital (plus some in this case).

The attorney and accountant are important as they can help you set up your cozy.co (notice that isn't .com...that goes to something different) as it's simple to use, handles the background checks for us, makes it simple to collect rent and is easily linked to other social media sites so we can get the word out that we have a rental available.

We love cozy.co (notice that isn't .com...that goes to something different) as it's simple to use, handles the background checks for us, makes it simple to collect rent and is easily linked to other social media sites so we can get the word out that we have a rental available.

We are in 2nd position on the home.

If you don't have a solid W-2 job right now, maybe this is the time to get one - I'm not sure if being an agent would get you the funds you need to make some real estate deals.I would not just dump everything right into real estate - it's just too risky of a plan because if something goes wrong, you're not going to have the funds to get back into a good position.

Then make sure to get a down payment big enough to cover what you think the risk is.Not that I would ever hope someone can't end up buying, but if the lease expires and they cannot buy, position yourself in a good position at the end of the lease.In Wisconsin, I use addendum "O" an early occupancy agreement.

I received the Notice of Discharge from the court.

Plus if they know their stuff they'll have the real estate specific documents for LLCs, leases, evictions, notices, etc., right on hand.