That is the way it is and has been for the last 8 years with distressed loans.The tid bit you have on seller financed deals seems to miss the point while supporting it.  

one other tid bit if you own a note and payments stop and you dont start foreclosure in  a certain amount of time ( typically a few years) the mortgage is now unenforceable..

You also have another fun tid-bit that over 85% of people who take out a Heloc refinance in 3-5 years to consolidate or they must in order to pay off heloc to borrow more money.You cannot have (3) loans there is no way a bank or lender is going to take 3rd lien position.

TID=36

Thank you for all the tid bits of valuable information.

I included a tid bit about ConnectLinx on that page as well and will update more once the owner finally responds back. 

If anyone has a tid bit of info they would like to share, something you assume most newbies wouldn't think of, some experienced advise, or just a good luck, I'd love to hear it!

If you are raising the rent I'd make sure its cut and dry and is at the end of their lease term, I wouldn't trust that notarization tid bit you got from someone else, if the lease is signed and executed its likely valid through the full term. 

Boots on the ground is how we got those and were from Michigan. thats a tid bit of our journey, best of luck!

A lot of folks don't know this little tid bit - But if you die owning the property (1031ing every time you sell) you heirs get the property as if they paid market value for it on the day you die (called a step up in basis).