Remember, the Mortgage is the security instrument that places the house up as collateral, executed by the owners of the collateral...it is not the loan/debt instrument(the Note).  

There are serious differences between contracts for deeds and notes, and each party should consult their respective legal advisors.Many different characteristics will determine the price and saleability of these legal instruments.  

4155.1 4.B.2.b FHA Requirement for Establishing Owner Occupancy At least one borrower must occupy the property and sign the security instrument and the mortgage note in order for the property to be considered owner-occupied.

But only so many people live in the area, so I'm not sure who's going to buy all of those houses when the music stops playing.

I'd also be curious if they're getting a ringing sound, music, or any other "announcements" as all of this can affect your conversion of leads. 

It has been so instrumental in our investing journey, and in my growth as a real estate agent. 

Linda, thank you very much for the advice.Unfortunately, there has been a negative development:The buyer got back to us and told us that his son in law went back out to land to check it outin the rain but the neighbors across the streetcame out in the rain stood there and stared at himstarted their trucks, revved the enginesand blared rock music really loud at him...Talked to his father and he said that ifthe neighbors are "rednecks" it would be a problem.On the West side, another neighbor came out previouslyand shouted "don't build anything next to me!"

I notice you're an audio engineer Dave Visaya music is my secondary passion!

I graduated with a degree in music education, but after student teaching for a few months, I quickly realized I have no business entering the field of teaching.

In the idea of a NPN, this will also be required in order to substitute a plaintiff in a foreclosure action or other legal matters.A debt investor who provides capital and then places a security instrument in place such as a UCC lien will have other issues in regards to UCC regulations.