Recently I have talked to 2 investors one in my local market, and another out of town that have bought some smaller packages of 2nd position non performing notes.Both investors have stated that the strategy is to make sure the 1st lien hasn't started the foreclosure process, and then try to either restructure the note and get the borrower paying again, or to work out a payoff.

Cons: when you get too many if become very difficult to manage and sale as a package. 

I don't recall encountering this from a private residence, but my local soccer field sells fence advertising. 

As @Jonathan Wilks the automated systems are great for getting monthly subscribers, and we had just up fitted 4 of our locations to be able to do this, the downside to that is that you now need someone working on site during regular business hours to sell the packages and apply the RFID stickers to the vehicles. 

@Rene Martinez , I seldom encountered problems like yours and some of it are quite simple so there is no need for me to get a skip tracking company.

Update:Slab was poured Saturday, framing package was delivered yesterday and framing will start tomorrow morning.

The problem you will encounter is seasoning or the amount of time you own it before you can essentially refinance it.

A group of people came to me and said that they had a package of 87 apartment units spread out over 10 properties in contract for $18.5K per unit. 

Data packages/rates are quite reasonable w/ DT.

We went to the local used appliance store and negotiated a package deal to put a w/d in each unit.