But how are you going to solve the chicken and egg problem?  

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?

Wanted to swing a real primo property on the island but chickened out with the flood factor risk. 

And that's why it sneaks by until the chickens come home to roost.

I’m being chicken little right now in our investments and deleveraging.4.  

These generally don't require as much infrastructure from the county (septic instead of sanitary sewer, usually no stormwater systems required), and I sell them to consumers wishing to build their own homes on enough acreage to have vegetable gardens, chicken coops, etc.

A few cases of chicken thighs (or even better buy 2 whole birds and break em down yourself, here is a video of Gordon Ramsay showing 8 year olds how to do it), a 20 lb bag of decent rice, and a 20 lb bag of beans (change it up every so often) and you are good to go for 1 month for chicken and 3+ months for beans and rice.

These chickens are coming home to roost.If I could start being a bid on these notes, man I would make a fortune.

@Peyton LaBarberaThat kinda goes back to studying your market --- chicken and the egg?

I mean you don't even have space for live stock and the rules don't allow chickens!!!