I'm wondering if anyone has purchase a non performing, residential mortgage note in the state of New Hampshire?

There is little to dispute here as far as failure to perform on the contract (assuming the contract doesn't give them a longer period of time to finish than you are claiming).

I just dont have the time/energy to take an under performing 10 unit building on right now.

Unless Niles has one too, which I doubt, do a security deposit.See if Niles requires rental licensing, all but one of the suburbs we are in require it.Since Niles is in Cook County know that you can't say things like No section 8, that you won't take section 8, or deny an application because they have section 8.Screen hard.

Keep in mind that there is an opportunity cost of $1K/mo in lost rent for every month it is in rehab and not performing. 

YIKES, I am not telling you how to manage your funds but please understand the difference between secured and unsecured debt before thinking this strategy is right for you. 

Im in the process of securing a 30 fixed rate FHA loan on a duplex.

There is literally no single good reason to not advance renewable energy - economic, national security, employment or environmental.

During the inspection period of the sale, I had a rental inspection performed on the house per my cities ordinances.

In thischapter:(1) "Broker":(A) means a person who, in exchange for acommission or other valuable consideration orwith the expectation of receiving a commissionor other valuable consideration, performs foranother person one of the following acts:(i) sells, exchanges, purchases, or leasesreal estate;(ii) offers to sell, exchange, purchase, orlease real estate;(iii) negotiates or attempts to negotiate thelisting, sale, exchange, purchase, or lease of realestate; Does this mean Wholesaling and other dealings are considered illegal without a license?