Just got my first note and wanted to share the numbers. • 3 bed, 2 bath single-family home in Michigan • Owner-occupied, performing mortgage • Unpaid balance: $95k, purchased the note for $60k • Interest rate: 8% ~$695/month in cash flow • I was able to acquire it by leveraging my credit and some private funding • Now comes the fun part… getting it fixed up! 😅 Curious, would you have jumped on a deal like this or waited for foreclosure?