But it appears you did not get a viable cash offer at $150K (or 153K), cause if you did we wouldn't be having this discussion.

The way the aforementioned markets have been behaving has made me wonder if buyers will begin to branch into less established area ITP in search of sub 200k rehabbed 3/2's.

I’ll be having a preliminary title search done this week.

My only caveat would be having adequate reserves.

The SD REIA meets monthly, and this month we will be having James speak.

I think it's best to let things go on a monthly basis and give them a trial run to see how they behave.

Zillow is a very efficient data aggregator, so the market will behave accordingly and most things there will trend to the real value given all information.Where you can find an advantage is having an alternate source of information, and combining it with an efficient source like Zillow.

Funds can offer anywhere from 6% IRR Up to double digits depending on the operator and the type of fund. performing note funds are on the lower scale of 6-8% because lower risk, non performing funds can be slightly higher and be have a pref with a percentage of excess distributions back to the investors.

And so far the interest rate on any portfolio loans I have come across are a bit too high for my targets.At the moment, the best strategy seems to be: having my parents cosign for the loan and go conventional for the low interest rate. 

These type people have well behaved kids and pets.