Zach Crawford I recommend taking virtual workshop through Scott Carson .Buying a note with absolutely no understanding is the equivalent of trying to put a car together without any instructions.

Thanks for your response guys.

You will be responsible for snow removal and landscaping of the property.

After a 7 year tenancy there will be wear items that will need to be replaced but, as a tenant, those are normal expenses that are the responsibility of the owner.

I also like the “responsibility” aspect of forcing a confirmation event as if they can’t remember to confirm they won’t remember it’s rent day.

I would say as the owner of the property you are responsible for the security deposits irregardless if you actually receive them as part of the sale.

Reminds me of the 80/20 interest only days (why was that ever considered responsible)

The SDIRA is responsible for all credits and debits incurred by the investment. 

After reading your responses to my post where some stated that every mortgage is a promissory note, I had a chance to sit down with a couple of notaries this past Friday when we closed on another few properties.

Thank you for your prompt response Heidi.