Yes, but it's challenging.

Challenges?

Challenges?

If you move properties into an LLC after financing, be aware it could technically trigger the due-on-sale clause, though lenders rarely enforce it.

When comparing notes to investing in traditional real estate, I'd say one of the biggest challenges is the note investing can be a more capital intensive business, requiring more money upfront with less creative strategies for an individual to buy (though you're always buying at a discount).

And don't buy in a challenging area, but in a desirable suburb.

See the chart from Fair Isaac Company (FICO) below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyAccording to this chart, investors should use corresponding vacancy + tenant-nonperformance factors of approximately 5% for Class A rentals, 10% for Class B and 20% for Class C.To address Class C payment challenges, many industry "experts" are now selling programs to newbie investors about how Section 8 tenants are the cure.

@Henry Dominguez about a third of our clients, here in Metro Detroit, are from outside the USA.So, we've got resources for:1) Setting up an LLC2) Getting an ITIN and EIN3) Setting up a USA bank account (getting more difficult as several major banks no longer provide)4) Referrals to tax professionals to handle annual federal & state tax returns.Getting a mortgage can be challenging for foreigners.

The challenge is property managers don’t specialize in renting by the room, and it’s not worth the small amount they would get on management fee.

Challenges?