Check with your CPA to be sure you understand this component of the transaction.

From what i have read i feel confident i can pay off junior lien and that there is a defined set of rules that ensures this.Rich H. - You mention a case where they could initiate a foreclosure.  

It will definately cut into my profits but oh well. 

For cap ex, you can create a spreadsheet for all the building components, their cost to replace and divide each by their respective lives to estimate monthly/yearly cap ex.  

Etc. it may help you better define your strategy, and save you headache down the road. ( I think a property manager can give you a lot of insight into what's common in your area)

You need to define what you want.  

The list is the most important component of your campaign, then the message.

You should also define what type of property you are inquiring about. 

There is a plethora of free networking events and almost all have an education component that may be beneficial to you.  

I would also rephrase the components of note investing:1- sourcing and financing notes2- due diligence3- Working them out4- DispositionThose 4 can be broken down into smaller blocks, and different vendors are good for different things, for example a company that pulls title is good for sourcing and due diligence, while a servicer is more about working out the notes.Follow Bob's advice and go to these conferences.