That’s a common challenge,  a lot of banks make the process tougher than it needs to be, especially when contractors aren’t set up for their paperwork.

The most logical approach is to pick the Neighborhood(s) that meet your BuyBox (Class A, B, C or D) and then look for properties, having someone knowledgeable about Detroit verify the properties you've selected are on good blocks.

What have your experiences been — positive or challenging?

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.

Challenges?

Challenges?

Challenges?

What’s been your biggest win or challenge working with notes?

What we're doing now in New Jersey is approaching every property individually.

Quote from @Chris Berezansky: Hello BP Community,I am interested in hearing thoughts from the BP Community for the best approach to taking the next steps in my REI pursuit.