I am currently investigating two possibilities for myself:1) Buying a duplex or a two bed property and renting out one unit/room and living in the other myself or2) Buying a duplex or two bed property and renting it out and living elsewhereHaving done a bit of research, I think what appeals to me at the moment is the buy and hold strategy and building passive income.

I had over a thousand loans/contracts in portfolio servicing and that pool was not large enough nor diversified to the area to set a rating (I also investigated the issue with Moody's and it was a joke with such a small pool and costs involved, I dropped that real quick).

https://www.heraldtribune.com/news/20051019/state-investigates-venice-mans-lease-to-buy-arrangements

LOLWay back in the Army, I had classes in investigative interrogation techniques, just looking me in the eye won't pass.

There will be deferred maintenance beyond carpet and paint.Have you done a thorough investigation of the target market?

At face value, if the house is really worth 375k still and you can purchase it for 175k cash by buying the note, I would say sounds like a deal worth investigating further.

They sell it to an out of state investor who doesn't investigate the area in any detail.

From there, you'll have a handful of names you can further investigate through reference calls to past landlords and current employers. 

A retired investigator who worked for the ohio division of real estate will be there- which is a first and quite a big deal.

Davis:Recently several members of the House Financial Services Committee called for an investigation into Clayton Homes and more specifically, their lending practices relating to the chattel financing of manufactured homes.