In addition to studying on BP, KC has some great REIA groups that you should consider joining.

But ask any seasoned investor focusing on this niche, and they will all tell you that they've never seen a loan called as long as the note was performing.

So my question of the day is, how do you find the right contractor to perform any rehab that you have planned?  

;-PHow did you perform the investigation?

Insightful :PTo original poster, 20k is fine to buy a low balance performing note.

My logic may be off but I would pay for the actual past performance not hopes for the future.  

If either the tenant or the landlord "breaches" (fails to perform) their obligations under the lease, the lease can be terminated by (tenant- thirty day notice) or landlord -(eviction) through the property's local municipal court.

Just as important with a brokerage is shadowing someone at the brokerage performing at a high level.

It is a pre-manufactured, and much "beefier" (Lower left photo) support system designed to provide additional vertical and horizontal resistance in wind, snow, and seismic zones for which the design criteria has been pre-approved and stamped by an engineer.

But I Have few questions about it..(1) he said he want to use part of the money to pay IRS debt of 28000 (2) use rest of the money for addition to the house and than go to conventional financing ...