You forgot to put your location in your profile and your post so the answer is unknowable.

I’ve been browsing Paperstac quite a bit lately, but I’ve noticed that most of the properties against which the notes are secured are decrepit shacks located in very rural areas.I’m fully aware that the kind of borrower who defaults on their mortgage won’t usually be living in an ornate mansion, but do you know of any way to buy notes for properties located in major cities, or at least somewhere where home values won’t tank 50% when the local chicken slaughterhouse or glue factory closes?

All that is going to be used against them if things turtle up IE a water landing I think as Chris has stated as some of the high profile syndicators are having some issues but keep posting about their lifestyles I would personally not be doing that It just pisses off investors who are not getting their distributions or there are Cash calls right ??

Completing your profile with clear details about your interests and expertise is a solid start.

The risk profile of these transactions if they were honestly divulged you would have very few people participating and for sure paying money to get taught how to do the very basics.

:https://www.bbb.org/us/nc/wilmington/profile/real-estate-investing/connected-investors-inc-0693-90022973/complaints

The largest high profile project on the beach was stopped and is in legal limbo.

@Kyle Swengel It's all about using an integrated suite of real estate tax tools, as applied to a particular investor's tax profile. 

Read their profiles and bios and see if you can find an agent that is also an investor.

For investors looking for capital appreciation, Class B and C may be better investments for that specific risk profile.