But there is intense competition for these foreclosure sales in most market areas.

Since there were some repairs that I wanted to roll into the mortgage, it didn't work out.

I'm curious peoples experiences with how things work out as you scale up in units per property.

Your concept of purchasing a non-performing loan as being predatory is not true although it is refreshing that you are not a blood sucking vulture :) There are varying lots of borrowers that are defined in non-performing some desire to work out the loan, some just want to walk away and some are undecided.

If the deal doesn't work out, we were all wrong in our analysis.

Can our modifiction benefit from asking for proof of ownership of the note in our answer or is the forclosure department completely seperate from the area that hanldles the work out?

If I had to guess on Jon's approach of used a/cs and new air handlers/furnaces, I'd guess it would be the fact that installing a furnace is a lot more labor intensive than changing an air conditioner.

Instead of thinking evict-court-pursue judgement-try and collect on person that is uncollectable, I'll always try and work out a promissory note with payments instead of using the courts where I can.

He wants $15K cash to help with expenses he has had which he will take some cash and finance the rest on a 2nd or work out in a lease opt.

We are down to the last detail to work out.