But if you are looking to do something different then you may need to increase your purchase price budget.

Indianapolis stands out for landlord-friendly laws and steady appreciation, while Cleveland can provide strong cash flow but has higher property taxes.

Why do you think purchase contracts are so long and have such small print?

(Address withheld for privacy.)Purchase Price: $389,900Structure: 2 bedrooms, 2 bathrooms, 1 carportYear Built: Mid-1950sApprox.

That flexibility can make it less user-friendly since you have to fill out a lot of information.

So, that is a material advantage - and perhaps others are willing to pay for a friendly look over the shoulder on the first one with some of these gurus.Scott, when most people think of making a lot of $ with notes, they’re thinking of the note BUSINESS rather than note INVESTING.  

I guess I worry about purchasing a good deal in a good area to later realize that there serious issues with the property.

In fact, I have one repeat investor (he's purchased four homes through me) who refuses to negotiate for the fridge to be included in the sale - seller must remove prior to closing - because he's so adamant about not having one more thing to maintenance in the house.

When my wife and I started out we new we wanted to invest but did not know how to, we took action and unfortunately found a family friend realtor (amazing learning experience) then we found bigger pockets. 

The main issue you will face though, is the lower property purchase price.