There are other ways tenants can get into trouble at your property, besides the lake. 

As someone who lived in Indiana for quite a few years, I know some producers are starting to worry about that as that would be a big blow.

I realize you need a photo to participate on here and I am having a bit of trouble.

I plan on giving the offers via email but I'm having trouble getting down Realtors emails.

But, take this scenario - if there is a -ve cash flow to start with and market doesn't appreciate then one will be in trouble considering he/she already bought a property at a premium.Thanks @Jay Hinrichs  for sharing your wisdom as always.Thanks @Andrew Herrig  & @Lyle DeGraff for the advice!

Truthfully, I think this is the biggest reason people (and partnerships) get into trouble.  

Hi Suzanne,Dave Horn produces very informative articles on notes plus he sells both PNs and NPNs: pprnoteco.comPaper Source Online produces articles on note investing: papersourceonline.com/A few other sources for buying notes include: Notes Exchange: http://tinyurl.com/Morgage-Notesand Notes Market Place: http://www.notemarketplace.comGood luck!

Also have you come across any major troubles with out of state properties?

Also I've had some trouble with getting lenders to give me a good rate or trust me.

And pull the permits for roofing and window replacements these are the ones that can get you in the most trouble.