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.

In my recent talks with investors, I’ve noticed a shift — some are moving away from full gut rehabs and focusing more on light cosmetic flips.
What’s your market like right now?
Are smaller rehabs giving better retu...

Active InvestmentRental real estate with property management companyNon performing mortgage notesTax Lien Investing 3.

I'd look at the amenities your competitors have to help determine if the investment is worth it or not based on their estimated performance. 

The turnkeys we have in Detroit have been performing really well, steady cash flow, low hassle, and they fit right into your buy box for long-term rentals.We also work with several out-of-state investors, and what’s been great is seeing how consistent the returns are and how it’s helped our investors grow their portfolios with confidence.

If a snow removal vendor is contracted to perform snow removal services and fails to remove snow within that timeframe, the vendor should indemnify the property owner. 

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

Performance will vary based on the local housing authority executing the Section 8 program.

If he has no cash, don’t do a 70/30 equity split with you carrying all the risk; structure him as an operator with pay tied to performance and secure yourself with control.