Doing it on some online website.

Well, if you buy the note then of course you can control the time line, and hopefully at a discount.

so this means the appraisal for the refinance part of the brrrr may come in too low if i move forward with this plan.of course on the other hand the tiny bedroom is wasted space that nobody will occupy. prospective tenants who need 3 bedrooms will not apply and my time showing this unit to them will be a waste. i do plan to hold this house for at least 10 years. so i am leaning toward doing this in an effort to make it easier to rent and keep tenants.

I love the fact that online acquaintances often translate into real frienships. 

Of course if you ask worse case scenario there is always a worse case.. but then logic comes into play.but some folks are nutso about no one knowing what they own or making it hard via public records..

Of course you can do what you want, but there's a good chance it will not go as planned, and either you or the tenant will not be happy.If those decks are due for a refinish, and the refinishing is pretty easy, who don't you send a handyman over there to do it, or go over there yourself if you're a more active sort of landlord?

I took photos of the place and put the pictures up online as it was ready to rent it out.

I think there are some online banks that have nice returns but for me I’m not really trying to have a savings account generating interest at a bank but rather in real estate and the money in the bank is only a temporary holding spot

Of course I don't recommend springing an increase on someone with only 10 days notice... but you can!

I’ve read horror stories online but also know there are some really great property managers out there.