This gives you the benefit of their buying criteria, a guaranteed buyer for what you find and the ability to access their knowledge as a mentor without asking for a mentor!!

The note holder can change the Trustee, often changed at assignment but many don't change them until a pre-foreclosure phase.Your "law firm" really needs to be where the property is unless you want a chain of firms tapping into costs of collections, these are regulated and limited but you can be assured you'll be maxing out to the maximum allowed.BPOs:How are you vetting a real estate agent's ability to appraise and value the collateral?

A great decision.Your question on buying a home to live in is certainly a personal matter, but be sure to consider your ability to afford it (mortgage, taxes, insurance, maintenance, etc), and how that compares to renting a place that meets your family's lifestyle and needs.

I also realized that, while I’ve never missed paying a bill, my credit wasn’t great (upper 600’s) because I had never cared enough to cultivate it (that has changed).

Family transactions to settle an estate have exceptions to the usual investor refi/purchase transactions, at 50% or 55% LTV you shouldn't have a problem subject to credit and ability to pay.

That being said, the owner may have the ability to give them 2 months notice if their is about to expire or if they are on month-to-month.Brandon

I'm torn between the "if you're working to hard to make a deal work, its not a deal" mindset, and my persistent ability to keep working at something until everyone is happy.I have a track record of not giving up until I get what I want, but as I get older I am also weighing this trait against the amount of time and energy expended.

There is more to it than the ability of a project to generate income.

I would like to have the ability to leave individual messages for each property that is for rent.

You should put a loan servicing company in place for collections and servicing, this can make things easier on the lender.You might use a stronger credit partner, a loan guarantee can help.Are you qualified to finance but prefer the seller financing, showing that ability to refi will probably help.