I'm interested in traditional buy and hold and am REALLY intrigued by note investing….though I have a lot more to learn on the subject before I am comfortable diving in.

You can direct market for a great deal, contract with a motivated seller and have them carry back owner financing, you can buy subject to the existing mortgage (sub2), you can bring in a partner with money and JV, you can build private money lenders to fund your deal, and the list goes on.

These are big differences.Business purpose loans, such as those typically made by the hard/private money lenders on this board are not subject to Dodd-Frank, the SAFE Act, TILA , RESPA and the like and don't require anything close to the rather exhaustive pile of documents mentioned above.

@Dawn Anastasi 401(k) distributions under a QDRO (Qualified Domestic Relations Order), such as a divorce settlement, can be rolled over to an IRA, within 60 days of receipt of funds, without penalty and the tax will continue to be deferred.

-I think the only thing holding them back from selling would be that the elderly wife still lives off the rent flow.Isn't this perfect for a potential subject to, or lease to?

I have invested in rentals, rehabs, assignments, mobile homes, subject-to, owner financing, lease option, and probably a few other things i don't directly remember.I was the given Rich Dad education Hall of Fame winner in 2013 by Kim and Robert Kiyosaki for my success in real estate.I currently market in the Dallas Fort Worth metro area, specifically targeting wholesales, probates, sub2, and rehabs.I look forward to learning and contributing here!

I found what is helpful in any subject of life is to set goals and time lines!

Michelle Na Thanks.As a PM, I assume you have your own copy of keys to a subject property for a "Maintenance Check."

But then subject to some sort of transient law..?

Regardless of the established opening bid, the foreclosing bank will get up to their judgment amount, Then any extra becomes surplus, distributed as to state laws.