I remember Jim Rohn talking about how failing businesses have 24 hours in a day just like successful businesses.

The very first time that the tenant fails to pay toward the past due balance, I would start the eviction process.What's very likely to happen is that the tenant will do ok for the next two months and then will have more excuses (and no rent) in December.

I certainly would not even consider one in one of these failed or near failed FL projects.

Price you sell for as a percentage.percent of deals that fail

Here in the Show Me State (Mo.) we too are a deed of trust state and you can stipulate conditions, but there is a $5,000.00 minimum for a mortgage and many Realtors who carried back commissions who tried to collect through foreclosure, failed.

A lot of people have failed to use financial discipline, and you see the results of such behavior everyday (bankruptcies, foreclosures, etc.)

I know these must ALL be small banks. Interesting they are located coast to coast. One with branches as far away as hong kong. I'm flying there today!! Again, all these were closed on friday. Last friday, there were 9...

But definitely get a lot of references about the movers because a bad mover can cost you a lot of money by damaging a trailer or failing to move it in a timely manner.

These are serious mistakes and they are the same mistakes that cause many new landlords to fail.

As Dave pointed out (and I appaluded his statement with a vote) clearly showed by his foreclosure rtae that the loans are not purchased with that intent.When you buy a note (and have failed to pre-arrange an agreement with the owner) you are a mortgagee.