If just buying the paper, there are no fees associated with the purchase. i.e. if you're buying a promissory note tied to the income stream of a mobile home sold to a tenant buyer, you only need to draw up a purchase agreement to buy the paper and get your signature on there as well as the seller.

At the time, we looked at it as a smart asset...without realizing its potential as an income stream when we sold it!

If they're on a 2-3 year rotation and don't want to buy here, then I want their referral to the next city where they transfer, so working that service for them and revenue stream for me as well.   

It'll probably be $30 to fix but I want to develop good habits and as a REI and Landlord so little charges don't become big and I constantly eat the charge.

My residential properties seem to demand more constant attention but the necessary time requirements seem lower during the peaks and more constantly spread out.  

I have been tracking a PM in Phoenix because I have been wanting to try OOS AGAIN... Got burned in Phoenix back in 2006 buying SFH, but have been thinking about trying a diff strategy again...
Because of that, I have...

Though I love what I do, I've been looking into real estate to start building another stream of income.

Hey Kevin,My advice would be to constantly surround yourself with like minded individuals and those doing better than you in REI.

You can end up with a lot of equity quick.Buy you get pretty certain cash stream TODAY.BadBuild - In Portland, it may take 2 years and $25K/unit to build.  

The one with the most revenue streams wins every time!