At this point, you ARE the junior lien holder so, whatever method you need to employ to get them to give you the payoff should be fine.

@Rick HarmonYour method of determination for pursing a lead is right on!

Adrian Smude I do have a question on your method.

I am new to real estate but have an opportunity that i feel is worth exploring.  

I am basically exploring my options.  

Does your method of investing fit into your market.

I'm a young investor, and purchased a property via the "house-hacking" method back in November of 2014.  

I rented each room with weekly payment method, personally I like cash best.

If you do a little bit of searching on the BP site, you can find some examples of how to word the letter, or the general tone you should try with your message.Listen to the podcasts, there are quite a few about marketing and how to talk to sellers who might be motivated.I would caution against rushing anything, but certainly get used to doing "homework" on properties of interest that you find.The method you are describing is called driving-for-dollars, so do a search for that to see how other people have approached this method and what they say has worked best for them.Good luck in your research!

Once you determine which area you would like to explore further you can type it into the search box.