A true private lender wants the return, not the asset, and does not want to be a part of what you are doing or else they would be a partner.

Does the remainder of the strategy still hold true?

All you said is true, but, this "hard market" and in some ways it is really hard, lends some opportunity that is of equal force. 

If that was true would they have not gone down substantially when rates went up?

@Dustin Tucker - I would say that half of that statement is true because it depends on the time period when you buy. 

Hey Su -It's not true that prepayment penalties aren't allowed in Ohio in ALL instances - this varies based on lender and/or loan amount.

Quote from @Tyler Carter: Just because you hear something doesn't mean it's true.

@Jon Rosburg, I'm an agent for the STS, and it's true, we do have a lot of clients assigned to us individually, but not all of them are looking in each market at the same level or with the same focus/intensity. 

Is that true in this case?  

And you have to put a fair amount (25%+) down, operate in the Top 10% of your market and truly have an outstanding property.Influencers and social media gurus make it seem like this is much more achievable than it actually is.So very true!