Keeping in mind that every lender is different - they have different appetites and risk tolerances (pricing typically is relative).Lenders want to see:A good deal - something you can make money on - that should be important to both partiesSome liquid assets - Money in the bank, the ability to handle a deal if there are cost over runs or a long holding period. 

If they are unfamiliar with mortgage notes, then their risk tolerance might be different than yours.

Most REI deals in my area are $500k or so deals, so obviously a good competent realtor that will not tolerate this of a $3.5m buyer isn't going to put up with it in the $500k range.

Everyone has their own strategy, and risk tolerance, but from my own experience the returns I listed above are very achievable with minimal risk.

I know that drives the "your moneys not working for you" crowd nuts, but waiting to reinvest till it cools off a bit could make sense, based on your risk tolerance. 

Being ok with walking away from groups & individuals or just tolerating them is also something to expect/experience.I suggest REI groups.  

We would never tolerate such a "mickey mouse" system in New Zealand :-).

There have been some hiccups and I'm super tolerant where most wouldn't be.I'm of the feeling that if you are managing the company too much then they aren't doing what they are supposed to do.

The one important thing(maybe most important for certain risk tolerance) to know that there are restrictions the county has imposed on all properties not already zoned Multi-family.

Marc,  Our lease states we cans show the property during the notice interval, and access by the landlord is authorized for showings and inspections.The first step is to visit the property to "preview" it for the marketing, and you can note any big issues that may delay occupancy, and even stress to the residents what they could be docked for.I always tell the residents to protect their valuables because its hard to track other people's children during showings, and the more they cooperate and the faster the house leases, the less time they have to tolerate showings.I've had perfect houses occupied the next day.I've had disasters that need  six weeks to prepare.With this effort and a mid-lease maintenance inspection, there are fewer surprises.