My friends and I are looking for decent flip project, we will consider any level work except serious foundation problems.

That's why I think I will be better off buying big ticket items (except for building materials) myself ...I think

9 years is a good reason to make an exception

So the most risky notes you can buy ( except for 3rds)So we know these are going to default and probably default at a pretty high rate I would suspect 50% or better ( do you provide this information to your buyers IE how many have defaulted).So I am a buyer of a 2nd it craters and now your going to step in your not going to give me my money back just replace the note..

I'm not taking much heed, except for the point that most projects fall behind and there is not way to monitor or control anything from an investors standpoint.

It's not our usual practice, but we have done this a couple of times with vendors - both times we put up a large ernest money and made a portion of it non-refundable - but these were exceptional circumstances.We have not done this with a power-of-sale or bank-owned property, nor would I have any expectation they would allow it to occur.

I ditto everyone else's response except @Darren Sager for the same reasons mentioned by others.

I don't know much about owning and renting a condo, except that many owners don't like the hoa's.Buy and Hold.8 yr old condo unit, 1 of 10 total in complex.

I was all alone, except the other few who came there also.Thanks for all the greetings everyone!

Make sure there are no funky title exceptions.