Desparate times yearning for desperate measures can be dangerous...Kudos,Mary

I will assume you are talking about an infill lot (vacant SFR property with houses on each side and down the street) and not a new development where you will have to put in utilities, streets, gutters, etc.Prices range all over the board and building right now in Hesperia could be a tad dangerous given our market conditions here in So Cal with Hesperia being far out there in the desert.

Borrowing up to the hilt is what led to the Global Financial Crisis less than 10 years ago, and is still the cause for some countries being in imminent danger of Bankruptcy!

Explosion of tourism and remote working (unbeatable combination of location and time zone), snowbirds, retirees.

If we purchase the place that lease will not be renewed with the dog on it- dangerous for us to do any repairs, not appealing to others in the building who must share an entrance with this apartment.  

While she doesn't say stay away completely, she warns about the dangers of not legally being recognized as the holder of the note.

Becoming a landlord to the existing residents is the most dangerous. 

What you describe sounds like deferred maintenance that needs done regardless of rent rates so you should try  A) to get the seller to do it or B) to reduce the purchase price by that amount.This can be dangerous because YOU then need the money to do the work.

@Theresa Harris , I have mixed thoughts about not getting the cosigner and mom involved,  for the same reasons we record judgments even though we know there are  -0- odds we will collect;  at least other owners/managers will know about this tenant's past (assuming they perform background checks).If the people who are supposed to be watching out for her don't do something to correct her behavior, it's certain the tenant will keep on their dangerous and (self) destructive path.  

Hi all,Working backwards from an initial goal of $300 per month, $3,600 per year, I would need $18,000 in starting capital if my average return is 20% per year from NPNs.Sounds doable in terms of saving, but my concern is that if I buy 2 or 3 notes, probably NPN junion liens, each one will still be too small (really bad quality or bad collateral in a dangerous area).