I believe that include rent collection, but they also have a TON of other features that would be worth it at or above 100 units.I also use Google Wallet and Chase QuickPay which work similarly to IPN but are free.

I agree, for the most part...but I will say that part (a BIG part) of the problem is that credit chases you around for longer than the market stays stable.  

But from talking to the big banks like Chase and Wells Fargo, and also the local banks that hold their own loans 80% of value seems to be the max especially on an investment property. 

Leave it to @Karen Margrave to cut to the chase!

A solid contractor would tell you that info UPFRONT instead of having to chase them and pull it out of them.

My experience with tax cert states and I am by no way any expert but I have been to half a dozen sales and I know when I see a court house controlled by the local big players when  I see one and that is what I saw in the tax cert bizz the big boys gobble them up and the private investors are picking up the crumbs.. at least that's what I saw in MS.

But yes there are just far to many good performing notes out there in my mind to chase down and buy into a problem loan which is what these NPN funds are.. a lot more to it than meets the eye.. and just like most RE fad's this is soup de jour so lots of uneducated or beginner money chasing these deals.

Commercial is much less forgiving than residential, hence there are fewer players.

I suppose there is always a chance of a 'new' player hitting the scene or some one off sale mimicking these tactics.

There are six separate multi-million dollar lawsuits taking place right now across the US under this idea and against some very large mortgage players including US Bank which is one of the largest Mortgage Trustees in the US.