If they won't ever have money it's not worth it to chase them.

But if you are looking for something part-time then look at being a bird dog for a wholesaler or investor, you'll make less per deal but it will allow you to learn from that investor you are working for.  

Have you considered bird dogging for other investors in your area?  

Our lender just emailed and provided this response:  "The reason that we were not able to proceed with your mortgage is because the way that the property is set up, it is ineligible for financing with Chase.

I will let them decide if it works for them for a bird dog fee and being able to learn from them doing the actual deal.

I'll send your questions to a friend of mine, that's top lender for Chase in the Midwest area to see what are the answers and will send them to you directly. 

And if you spend all the payments and year 7 of the loan the borrower paid it off, you would have a reduction in your amount to invest if you only had the payoff amount...again, you have to do some planning to really sustain this over time...to maintain what you want for cashflow all things working perfectly of course.It just seems that purchasing NPN junior liens, turning them around is the clearer path to growth but if you want a little less interaction with borrowers, a little less of the chase, but still want to scale, you have to have large amounts of funds to start with or it will take a seriously long time.

Re: bird-dogging notesI'm unfamiliar with the "bird-dog contract" for notes.

Hey guys,I was planning on getting into wholesaling as a start by bird-dogging.

I'm just not looking for a course on how to chase down probates that are already filed.