It has been good to me & my family.Please note that this country (including Kansas & Missouri) is STILL the Land of Opportunity for most things (including Self Storage too). 

As an extra note, I think the 1% rule should be seen more as a guideline than a hard and fast rule – especially when you're looking at a place that's only just beginning its renaissance.

This is a questions I often ask myself - When you acquire a NPN note and you would like to insure  the property by yourself, do you insure it per the UPB value or per your purchase price?

I recommend setting up keyword alerts for each area as they are discussed in the forums daily with advertisements posted in the BiggerPockets marketplace hourly.One thing to note when looking at the individual markets, you can make or loose money in any market.

We are trying to mitigate the potential that we drop the foreclosure, re-write the note, receive one payment, and are back at square one when they default.My original plan was to ask them to consent to judgment, and potentially execute a lease.

Would you reach out directly to the owner of the property and maybe attempt an owner finance to take over the note and keep the owner from loosing his home or would you try to find a realtor and purchase through the foreclosure process? 

Note: (Very important to learn the outbid process). 

NOTE TO MODERATORS: the purpose of this request is NOT to sell anything, nor exchange deals, nor lend money, etc.

If you are new I’d spend the next 2-3 years saving money building up credit and learning via reading and podcasts to figure out what you want to do in real estate, flips, buy and holds, buy notes, private money lending, or anything else because there’s dozens of ways to be in REI. 

On another note how much liability do you recommend?