I stand by my original statement, but I'll also answer your hypothetical.

Short answer yes it is possible to get salary. 

Also - if you are a first time home buyer, make sure the lender will answer your seemingly naive questions without making you feel inferior. 

If they don't answer the door when you knock, tape the letter to the door. 

Account Closed I would say as a beginning note investor that your question on returns is not an easy one to answer and the note industry is not like more popular real estate arenas like buy and hold or flipping where there's more literature and information to find out about it.

Before I answer these questions, I would like to hear how everyone determines how much they can spend on a house, so that I can narrow down my universe.

I have had it go the other way I did a suit for performance from a shut in.. took me two years to get her to trial. she won't show we ask for a ruling on the bench judge says NO he is giving her one more shot to show.. next trial no show we are all loaded for bear .. he calls her name no answer gavel in the next 15 seconds and we won.lady still would not sign the deed even with court order.. its the first time I took title without any kind of deed.. simply a court order and Chicago insured. it.. but to be safe I transferred it right away to one of my LLC's and bought ANOTHER title policy because the transfer with no deed just had me a little freaked out.. you live long enough you see many things.

I've tried to make it through most of the contract for deed threads but may have missed the answer to my question.

Answer that question first.

I couldn't quite find an answer to this newbie question, however.