That said, you can typically buy them at better yields, but you need to be prepared to deal with defaults.My advice would be to start with performing assets which are under professional licensed servicing and where a complete pay history can be provided which shows consistent payments and loan status is current. 

A combination of income (from rents and/or W2), equity, and cash reserves are what keeps you safe in the short term, and in this regard the quality and consistency of that income is more important than the quantity especially if you have a small portfolio.

It is a reverse mortgage foreclosure and agent said they are consistently countering offers at 123K and no one has bitten yet, but they are asking for a BPO to reanalyze the value.  

you have to be consistent in monitoring them because the good ones barely last a day.  

A handful of consistent buyers with whom you've built a trust goes a long way.

Develop the skills to identify good buys on a consistent basis. 2.

., non-paid) listings in Google, and consistently high ranking for a valuable keyword can be worth dozens of deals over the course of a year.SEO has two fundamental strengths: long-term ROI and volume.In terms of long term ROI, no marketing channels beats SEO.

Tenant history treats property like there own, consistent paying tenants.Purchase price $115kSeller will hold financing on 25% for down payment at 5% for 3 yrs interest only.Property will need about 10k in cosmetic work, seller willing to add in 10k cash back for repairs added to the seller financing agreement.Have a lender in place who can finance this deal at 75% with seller financing in second lien position.$3500 taxes$800 insuranceTenants pay all utilitiesWould be getting a commercial loan amortised over 20yr.Plan to use management team at 6%, that we are using on another property.What are your thoughts and perspectives on a deal like this?

It seems to be pretty consistent from company to company, some better some worse.

It is also a wonderful way to generate consistant cash flow.