Recent pay history (specifically for re-performers) and seasoning are important factors in this decision. 

Quote from @Victoria OHare: Hi BP Community,I’ve been focusing lately on buying and selling residential mortgage notes, particularly first-position, performing notes.

Ideally someone who understands the local STR market, zoning nuances, and can help identify high-performing properties.If you’ve worked with (or are) an agent who specializes in STR investment properties in the area, I’d really appreciate your recommendations or introductions.

Quote from @Victoria OHare: Hello Everyone,I’ve been focusing lately on buying and selling residential mortgage notes, particularly first-position, performing notes.

With rates staying high, I’ve been noticing more sellers offering their notes.Anyone else seeing a shift in the note market recently?

Quote from @Elealeh Fulmaran: Treat networking like deal flow: show up with a clear buy box, recent comps you’ve worked, and proof you can perform, then ask seasoned investors what they’re buying right now and why.

What are your experiences with performing vs. non-performing notes?

Maybe try it out for a few months and see how it performs?

This type of homes sold activity is similar to high density zips in urban areas with twice the population. 

Right before we started this company before the last crash, I was a bank executive that was handling the banks "Special Assets" (non-performing loans).