Setting up loans as Repo's is something I've thought about a lot, but I wasn't sure if anyone was actually using this.

Other than your payment is NOT fixed, the "charge" for it all is NOT known or set...... 

All of these spots are awesome locations to buy and set up as an STR (short term rental) use VRBO/AirBNB to triple your monthly NOI.If you need ay advice or want to talk REI or which locations are best feel free to reach out! 

She can set up payments to be paid on the 1st of the month and no one is driving 24/7. 

My understanding is in Jersey, the owner has a set period of time where they can force the property to go to auction.

Most properties are remotely managed by owners/PMs and what was suggested would be an impossible and unrealistic standard to set - much less enforce. 

IF you decide to move forward in Memphis, recommend buying the first one turnkey to get you going.You'll learn a lot about rentals and the market with the first one.THEN, if you like results you can look for agents & PMCs to help you buy more and save the 20-30% markup you mentioned.Recommend you also read below info to set your expectations correctly:_________________________________________________________________________We think the Midwest is a GREAT place for OOS investors to consider!

@Bob Asad at our bank, we have an escrow account for security deposits, it is set up with sub-accounts for each tenant with their security deposit amount and their SSN.

If you buy in a prime location with desirable amenities, you’re setting yourself up for steady income and long-term growth.

Do they set up and pay for water, trash, garbage or does the landlord take those on?