Continuing to embody the notion that you can survive it all, Gail and Chris, with a few of their friends, take you into multiple note investing scenarios that will have you prepared for the good, the bad, and the ugly. They talk about the CFD, particularly on paying the water bill, and discuss on taking legal action when a borrower stops paying. Together with Bill Griesmer of Stonegate Capital, Gail and Chris dive into servicing notes and the risks to performing and nonperforming notes. Going in-depth into these scenarios, they remind us that note investing is an apprenticeship business. You only learn by doing it.

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