Were you responding to leads constantly, or was it less hectic than that?

What it looked like to me was an 11 page wild-goose chase where one person was trying to offer sane advice based on real-world experience to someone truly in need of that expertise and a couple of other folks that like to constantly blow their own horns.In the end, I had far more luck calling Texas based note investors and asking them pointed questions, offering to take them out for lunch or pay them a consulting fee for an hour or two of their time just to get some insight into a corner of the real estate industry that I'm interested in getting into.

My friends and acquaintances who do this constantly say they target out-of-state owners. ...That those are the ones with the biggest headaches.

All the while keep constant communication with them.

If just buying the paper, there are no fees associated with the purchase. i.e. if you're buying a promissory note tied to the income stream of a mobile home sold to a tenant buyer, you only need to draw up a purchase agreement to buy the paper and get your signature on there as well as the seller.

At the time, we looked at it as a smart asset...without realizing its potential as an income stream when we sold it!

If they're on a 2-3 year rotation and don't want to buy here, then I want their referral to the next city where they transfer, so working that service for them and revenue stream for me as well.   

It'll probably be $30 to fix but I want to develop good habits and as a REI and Landlord so little charges don't become big and I constantly eat the charge.

My residential properties seem to demand more constant attention but the necessary time requirements seem lower during the peaks and more constantly spread out.  

I have been tracking a PM in Phoenix because I have been wanting to try OOS AGAIN... Got burned in Phoenix back in 2006 buying SFH, but have been thinking about trying a diff strategy again...
Because of that, I have...