Was a great learning experience to investigate permits of any additions or multi-family no mater how good they look.

He also saw my house is under investigation.

Looks like I've got some investigating to do.

Forecloser and now code violations are on the top of my investigation list tomorrow.

I'd encourage you to investigate what it is your gut is telling you.

He basically said they were down to three investigators for the entire county and that he won't get a chance to even look into my complaint for six-to-eight months.

And, back on topic, no, buying the note is not a path to ownership unless you can obtain a deed in lieu of foreclosure, and after investigating existing liens, you may or may not want to accept that deed.

I would say investigate the city you are in and make sure it is legal before purchasing. 

I also may be acquiring (free and clear) a property near South Haven Michigan (4BR, 3 Bath on 8 acres with private lake) that I would do as a STR.I've been investigating and I think a HELOC would be the best route as this first unit was purchased at 25K-40K below value and there is no mortgage..

They show on your tax returns, and bank statements.There are many underwriting tools to expose private money ones that claim they don't report to the bureaus- they also sell and securitize the loans so what they told you on the phone is of no value, they get reported.All NonQM standard DSCR loans show on your credit report.DSCR gone bad shows online, in court records and in the curbside view (property appears distressed and attracts code violations/fire inspections and investigations...