One obvious example is the presence of a preferred return, which promised investors a return before the sponsor takes their cut.

You want no personal guarantee and to walk away if the property is much worse than promised otherwise the owner will stick it to you to fix his problems he did not disclose. 

It's kinda like property tax liens, but there are enough differences that the processes are not interchangeable.Another reason why you might see an LLC buying HOA liens is that it is part of their wholesaling promise with the house seller. 

That's just it everyone one is saying give me money but no one is promising that they will take care of the headache.

Even Springfield seems to have some promising opportunities. 

Promises of quick turn arounds.

But I see promise. 

Yet I am fearful of investing out of state due to lack of control.I plan to attend a few of the local REI meetings, and perhaps will bump into a few of you.The big WHY:  Every year I travel to different third world countries doing medical mission work, serving some of the most needy people in the world with my church friends and with my favorite charity organization, promise child. 

In most cases, you can live in it for 1 year and fulfill the promise you will make in order to get it.Here is a Spreadsheet which makes the assumption that a Owner Occupied Mortgage is at 4% and a non-Owner Occupied is at 5% fixed rate Mortgages:You will see if the above scenario was the case, you will save $42,773 over a 30 year period.Just remember, you don't have to live in one of the units forever.

Numerous states and cities in America have gone bankrupt, and this will continue as they are unable to fund promises made prior to 2008.